Maximum 401k Contribution 2024 Over 60. The 401 (k) contribution limit for 2024 is $23,000. Employees can contribute up to $23,000 to their 401 (k) plan for 2024 vs.


Maximum 401k Contribution 2024 Over 60

Personal contribution limits for 401 (k) plans increased in 2024 to $23,000—up $500 from $22,500 in 2023—for people under age 50. Employers can only use the first $345,000 of compensation to determine your 401 (k).

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