Max 401k Amount 2024 . 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. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.
The average 401 (k) balance is $134,128, according to vanguard’s 2024 report. That’s an increase from the 2023 limit of $330,000.
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