401k Max Contribution 2024 Over 50. 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. In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023.
For 2024 you may contribute up to $23,000 to your employer’s 401 (k) plan. The ira catch‑up contribution limit for individuals aged 50 and older remains at $7,500 for 2024.