401k Maximum Contribution 2024 Plus Catch Up Limit

401k Maximum Contribution 2024 Plus Catch Up Limit. This amount is up modestly from 2023, when the individual. Adults 50 and older can contribute an additional $7,500 to their 401 (k) plans in 2024.

For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. One of the main differences between iras and 401 (k)s are contribution limits: