What Is The 401k Contribution Limit For 2024

What Is The 401k Contribution Limit For 2024. 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. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.

For employer sponsored plans, including 401(k)s the 2024 contribution limits will jump to $23,000. The 401 (k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year.