2024 Max 401k Contribution Over 55. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,500 in 2025. Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs.

The annual employee contribution limit for 401(k) retirement plans is increasing from $22,500 to $23,000 in 2024. Those 50 and older can contribute more.