2024 Maximum 401k Contribution Limits Over 50

2024 Maximum 401k Contribution Limits Over 50. The base 2024 maximum 401k contribution limit for employees is $23,000 (+$500 versus 2023). The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.

This amount is an increase of $500 from the 2023 401 (k). This amount is up modestly from 2023, when the individual 401 (k) contribution limit.