2024 401k Limits Over 55. Employer matches don’t count toward this limit. The 401(k) contribution limit is $23,000.
Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024. This year the irs announced there will be an increase to the maximum employee 401 (k) contribution limit for 2024, increasing it to $23,000, a $500 increase.