401k Max Contribution 2024 Ee And Er Ee. In 2024, employees and employers can contribute a combined maximum of $69,000 (or $76,500 if the employee is age 50 or older). The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older).

If you participate in a 401 (k) retirement savings plan at work, your personal contribution limit in 2024 is $23,000. The contribution limit for 401(k)s, 403(b)s, most 457 plans and the federal government’s thrift savings plan is $23,000 for 2024, up from $22,500 in 2023.