Employee Contribution Limit 401k 2024 Calculator. For 2024, the solo 401(k) maximum contribution limit for the elective deferral is $23,000 if you’re age 50 and under. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.
Every year, the irs sets contribution limits on 401(k) accounts. This calculator will calculate the maximum contribution that an individual is able to make to a solo 401(k).