401k Contribution Limits 2024 50 And Older. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.

Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457. The total maximum allowable contribution to a defined contribution plan (including both employee and employer contributions) is expected to rise by $2,000.