Maximum 401k Contribution 2024 50+

Maximum 401k Contribution 2024 50+. 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) account on a. The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024.

What is the maximum 401(k) contribution for 2024 for over 50? For 2024, the limit for 401 (k) plan contributions is $23,000, up from $22,500 last year, according to the irs.