Limit For 2024 401k
Limit For 2024 401k. Those 50 and older can contribute an additional $7,500. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).
The overall 401(k) limits for employee and employer contributions. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.