2024 Max 401k Contribution Limits Catch Up

2024 Max 401k Contribution Limits Catch Up. The 2024 maximum 401k contribution limit will be $23,000, which is a an increase of $500 over the 2023 maximum 401k contribution limit of $22,500 (which had. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.

Adults 50 and older can contribute an additional $7,500 to their 401 (k) plans in 2024. This is a $1,000 increase from the 401k contribution limits 2024 increase of $500 which made it a total of $23,000.