Maximum 401 K Contributions 2024 Over 50. The 401(k) compensation limit is $345,000. 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.

Contribution limits for a roth 401(k) are the same as for a traditional 401(k). The increase applies to other retirement savings.