Maximum 401k Contribution 2024 Employer. However, do note that if an employer’s contribution to nps, employees’ provident fund and superannuation fund exceeds rs 7.5 lakh in a financial year, the excess will be taxable in the hands of an employee. The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000.

The base 2024 maximum 401k contribution limit for employees is $23,000 (+$500 versus 2023). 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.