2024 Max 401k Contribution Over 50. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024. Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs.
The 2023 personal contribution limit has one level for employees under 50 and another for workers 50 and older. For 2024, the limit for 401 (k) plan contributions is $23,000, up from $22,500 last year, according to the irs.
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