2024 Max 401k Employer Contribution. You can contribute to more than one 401 (k). Most people don't max out their 401(k).

Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase from the $22,500 limit in 2023. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.