2024 401k Max Contribution Over 50

2024 401k Max Contribution Over 50. For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. In 2024, both the traditional 401 (k) and roth 401 (k) have a contribution limit of $23,000, while simple 401.

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. For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.