401k Contribution Limits 2024 50 And Older. Employees will be able to sock away more money into their 401 (k)s next year. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.

Retirement savers are eligible to put $500 more in a 401 (k) plan in 2024: The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).