2024 Max 401k Contribution Amount Per Year. This amount is up modestly from 2024, when the individual 401(k) contribution limit was $23,000, or $30,500 for employees who were 50 or older. Understanding 401(k) contribution limits is crucial for effective retirement planning because they dictate the maximum amount individuals can contribute annually to their 401(k).
Some retirement plans have lower limits, so. For 2025, the 401(k) limit for employee salary deferrals is $23,500, which is above the 2024 401(k) limit of $23,000.
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