401k Contribution 2024 Max. For simple 401 (k) plans, the total annual contribution limit varies per company. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.
Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal governmentโs thrift savings plan can contribute up. This brings the maximum amount they can contribute to their 401 (k)s to $30,500 in 2024 ($30,000 in 2023).
