401k Contribution Limits 2024 Age 50

401k Contribution Limits 2024 Age 50. Both 401(k) plans have the same contribution limit. 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.

The annual contribution limit for a 401 (k) is substantial ($23,000 for those under age 50 as of 2024, $30,000 for those 50 and over). For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.