2024 401k Limits Contribution Over 50. Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.
The 401k contribution limits for the year 2025 are expected to see many increases in different plans including elective deferral limit to $24,000, defined contribution plan to $71,000,. In 2024, the contribution limit for a roth ira.