Rodi Vivian

Maximum 401k Limit 2024. Employers can only use the first $345,000 of compensation to determine your 401 (k) match. However, there is a limit that applies to total contributions, meaning the sum of the employee portion and employer match.

In 2024, the contribution limit for a roth 401 (k) is $23,000, plus an additional contribution of $7,500 if you are age 50 or older. For 2024, the 401(k) limit for employee salary deferrals is $23,000, which is above the 2023 401(k) limit of $22,500.