Compensation Limit For 401k 2024. Maximum 401k contribution 2024 per person cara marris, those 50 and older can contribute an additional $7,500. The dollar limitations for retirement plans and certain other dollar limitations.
For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. Most people don’t max out.