401 K Plan Contribution Limits 2024. 401k contribution limits 2024 over 50 tresa harriott, the 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.
Those 50 and over can contribute an additional $3,500 for a maximum contribution of $19,500. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older).
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