401k Max Contribution 2024 Over 55. Employees age 50 or older may contribute up to an. In 2024, the 401 (k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023.

Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov. Employees age 50 or older may contribute up to an.