2024 401k Max Contribution Over 50. 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. The contribution limits for individual retirement accounts (iras).
For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. The limit on employer and employee contributions is $69,000.