401k 2024 Employer Contribution Limit Irs. Most people don't max out their 401(k). $19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023;.

Find out the irs limit on how much you and your employer can contribute to your 401(k) retirement savings account in 2023 and 2024. The total maximum allowable contribution to a defined contribution plan (including both employee and employer contributions) is expected to rise by $2,000.