Question: what is the max 401k contribution percentage?
Answer: The general limit on total employer and employee contributions for 2020 is $57,000, or 100% of employee compensation (subject to a max of $285,000), whichever is lower. 1﻿ For workers 50 and up, the base limit is $63,500 ($57,000 plus the $6,500 catch-up contribution).