What Is The 401k Limit For 2024 Over 50

What Is The 401k Limit For 2024 Over 50. The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024. The limit on employer and employee contributions is $69,000.

For 2024, the limit for 401 (k) plan contributions is $23,000, up from $22,500 last year, according to the irs. For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024.