2024 401k Limits Contribution Over 50

2024 401k Limits Contribution Over 50. The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.

For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit. Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs.