401k Contribution Limits 2024 Employer And Employee

401k Contribution Limits 2024 Employer And Employee. Total contribution limit for employer and employee: The irs revisits these numbers.

This amount is up modestly from 2024, when the individual 401 (k) contribution limit was $23,000, or $30,500 for employees who were 50 or older. For 2024, an employee can contribute a maximum of $23,000 and the employer can contribute a maximum of $46,000 for a total of $69,000.