2024 401k Contribution Maximum. You can contribute to more than one.  — the 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.

 — 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. The 2024 401(k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022.