Current 401k Contribution Limits 2024 Over 55

Current 401k Contribution Limits 2024 Over 55. The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.

The irs also imposes a limit on all 401 (k) contributions made during the year. Maximum 401k contribution 2024 over 55 years ebonee collete, 2024 401k contribution limits.