Total 401k Contribution Limit 2024 Over 50. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. Maximum total contribution for employees 50 and older.

It includes all elective employee salary, deferrals and any contributions to a roth account or 401(k) retirement plan. Both 401(k) plans have the same contribution limit.