2024 Limits On 401k Contributions For Age 50. Learn about the 2024 contribution limits for different retirement savings plans. The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024.
For the year 2024, the contribution limit for 401(k) plans is $23,000 for individuals under age 50 and $30,500 for those 50 and older. The 2024 401 (k) contribution limit is $23,000, a $500 increase from 2023โs limit.