Maximum Compensation For 401k 2024. 401k and retirement plan limits for the tax year 2024. For workers age 50 and up, the base limit was $76,500, which.

The irs sets the maximum that you and your employer can contribute to your 401(k) each year. The limit on total employer and employee contributions for 2024 was $69,000 or 100% of employee compensation, whichever was less.