2024 Max 401k Contribution 50 Year Olds Age. For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. These limits increase to $69,000 and $76,500, respectively, in 2024.
In 2024, this rises to $23,000. The contribution limits for individual retirement accounts (iras) also.