401 Contribution Limits 2024

401 Contribution Limits 2024. In 2024, the 401 (k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.


401 Contribution Limits 2024

Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โ€™s $22,500 to $23,000 for 2024. The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000.

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