401k Contribution Limits 2024 Over 50 Years

401k Contribution Limits 2024 Over 50 Years. 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. In 2024, the maximum 401(k) contribution limit is $23,000 for people under the age of 50.

Employee 401(k) contribution limits for 2024 as of 2023, individual employees have a 401(k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401(k). 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.