401 K Plan Contribution Limits 2024 Over 50

401 K Plan Contribution Limits 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. Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs.

The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. Workers who contribute to a 401(k), 403(b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase.