2024 Max 401k Deferral Age. The annual elective deferral limit for 401 (k) plan employee contributions is increased to $23,000 in 2024. The roth 401 (k) contribution limit for 2024 is $23,000 for employee contributions and $69,000 total for both employee and employer contributions.

As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. The 401 (k) contribution limit is $23,000 in 2024.