401 K Limits 2024 Over 50. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.
The overall 401 (k) limits. Thanks to some recent adjustments by the internal revenue service, your 401(k) will get a bit better in 2024.
