Max 401k Limit 2024. In 2024, employers and employees together can contribute. For 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000.

For 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000. This limit includes all elective employee salary deferrals and any contributions made to a designated roth.