2024 Maximum 401k Contribution Limits Over 50. The annual employee contribution limit for 401(k) retirement plans is increasing from $22,500 to $23,000 in 2024. The 401 (k) contribution limit for 2024 is $23,000.
Employer matches don’t count toward this limit. For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024.
