2024 401k Contribution Limit 50 Percent. If you are 50 or older, you can save $7,500 more. Typically, a 401 (k) plan may offer an employer match of 50 cents on the dollar, up to 6 percent of a worker’s salary, which would be the equivalent of 3 percent of compensation.

For 2023, the roth 401(k) contribution limit was $22,500. In 2024, the 401(k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023.