What Is The 401k Contribution Limit For 2024 Over 50 . The 401(k) contribution limits for 2023 sit at $22,500 for retirement savers under 50 and $30,000 for those 50 and over. Employees 50 or older can contribute up to $30,500 with catch.
The 401 (k) contribution limit is $23,000 in 2024. This dollar amount is the same as in 2023.
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Resources To Help You Manage Your 401k Independent 401k Advisors , Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.