Max Catch Up Contribution 20maximum 401k Contribution 2024 Employer. For 2024, the maximum you can contribute from your paycheck to a 401(k) is $23,000. The maximum amount that an individual plan participant can contribute to a 401(k) is $22,500 for 2023 and $23,000 for 2024.

Employer 401 (k) matching doesn’t apply toward the 401 (k) contribution limit, but there is a higher limit to watch our for. The limit on combined employee and employer contributions is $69,000, up from $66,000 in 2023.