2024 401k Contributions

2024 401k Contributions. Employees 50 or older can contribute up to $30,500 with catch. The 2024 contribution limit for 401 (k) plans is $23,000, up from $22,500 in 2023.

Workers who contribute to a 401(k), 403(b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase. 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.