2024 Max 401k. The 401 (a) compensation limit (the amount of earned income that can be used to calculate retirement account contributions) will increase from $330,000 in 2023 to $345,000 in. Employer matches don’t count toward this limit and can be quite generous.


2024 Max 401k

For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024.

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