What Is The Maximum 401k Contribution 2024 In India.  — the maximum allowable combined employer and employee contribution is $69,000. Notably, if an individual participates in multiple 401 (k) plans offered by distinct employers, the aggregate employee contribution amount for the year remains unchanged.

Set by the internal revenue service (irs), this limit undergoes periodic adjustments to account for inflation and changes in the cost of living. For individuals under age 50, the maximum contribution to 401 (k), 403 (b), and 457 (b) plans increased to $23,000.