401k Plan Limit 2024 Age 50 Or More

401k Plan Limit 2024 Age 50 Or More. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. The total employee contribution limit to all 401(k) and 403(b) plans for those under 50 will be going up from $22,500 in 2023 to $23,000 in 2024 (compare that to the.

Iras have a $7,000 annual contribution limit for 2024. Here are the latest contribution limits for all employees who participate in 401(k) plans;