401k 2024 Maximum Contributions. Employers can only use the first $345,000 of compensation to determine your 401(k) match. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift.
Your contributions also can’t exceed 100% of your total salary. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.