Maximum 401k Contribution 2024 With Catch Up Bonus

Maximum 401k Contribution 2024 With Catch Up Bonus. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. 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 limit for overall contributions—including the employer match—is 100% of your compensation or $69,000,. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.