2024 401k Contribution Max Over 50

2024 401k Contribution Max Over 50. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. You can contribute to more than one.

The 401 (k) contribution limit for individuals has been increased to $23,000 for 2024. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.