2024 Max 401k Contribution Employer Benefit.  — the 401 (k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year. The limit on total employer and employee contributions for 2023.

 — in 2024, employees and employers can contribute a combined maximum of $69,000 (or $76,500 if the employee is age 50 or older). You can contribute to more than one.