2024 Max 401k Contribution Catch Up Plan. Employees 50 or older can contribute up to $30,500 with catch. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.
The 401 (k) compensation limit is $345,000. For 2024, the maximum you can contribute from your paycheck to a 401 (k) is $23,000.