2024 401k Contribution Limit Over 50

2024 401k Contribution Limit Over 50. For 2025, the 401(k) contribution limit for employees is $23,500, or $31,000 if you are age 50 or older. In 2024, the 401 (k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023.

For 2025, the 401(k) contribution limit for employees is $23,500, or $31,000 if you are age 50 or older. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.