401 K Maximum 2024 Catch Up Rate. The average balance hit $1,595,200,. The maximum contribution to a 401(k) plan is $23,000 in 2024 if you are younger than 50 years old.
In 2022, for people under 50 years old, this limit is. 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.