401k 2024 Limits Increase

401k 2024 Limits Increase. $6,500 ($7,500 if you're age 50 or older) for 2024: Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs.

The total contributions from both the employer and the employee to all defined contribution plans by the same employer is. This year, defined contribution plans got a historic contribution limit.