2024 401k Maximum Contribution Over 50

2024 401k Maximum Contribution Over 50. Employees 50 or older can contribute up to $30,500 with catch. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 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. The base 2024 maximum 401k contribution limit for employees is $23,000 (+$500 versus 2023).