2024 401k Max Catch Up Contribution. The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024. There are annual limits on how much you can contribute to your 401 (k) account.

Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. The maximum contribution for both 401(k) plans is $23,000 in 2024.