Moll Myrtia

2024 Max 401k Contribution Employer Tax. The total maximum that can be tucked away in your 401 (k) plan, including employer contributions and allocations of forfeiture, is $76,500 in 2024. Employees 50 or older can contribute up to $30,500 with catch.

Employees 50 or older can contribute up to $30,500 with catch. For 2024, your employer can only consider up to $345,000 in compensation to calculate any contribution it makes to your 401(k) plan, whether through 401(k).