Max 401k Contribution 2024 Over 50 Benefits. This means that your total 401(k) contribution limit for 2024 is $30,500. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.

The 401(k) compensation limit is $345,000. The overall 401(k) limits for employee and employer contributions.