401k 2024 Contribution Limit Over 50

401k 2024 Contribution Limit Over 50. In 2024, the 401(k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023. This means that your total 401 (k) contribution limit for 2024 is $30,500.

Learn about the 2024 contribution limits for different retirement savings plans. The total maximum allowable contribution to a defined contribution plan (including both employee and employer contributions) is expected to rise by $2,000.