2024 Maximum 401k Contribution Over Age 50

2024 Maximum 401k Contribution Over Age 50. The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024. The 401 (k) compensation limit.

The 401 (k) contribution limit for individuals has been increased to $23,000 for 2024. The total maximum that can be tucked away in your 401(k) plan, including employer contributions and allocations of forfeiture, is $76,500 in 2024.