401 K Max 2024 Catch Up. Total contributions cannot exceed 100% of an employee’s annual compensation. 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,. Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs.