2024 401k Contribution Limit Over 50

2024 401k Contribution Limit Over 50. This includes both employee and employer contributions. The total employee contribution limit to all 401(k) and 403(b) plans for those under 50 will be going up from $22,500 in 2023 to $23,000 in 2024 (compare that to the $2,000 it increased from 2022 to 2023).

Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. The overall 401 (k) limits for employee and.