401k Limits For 2024 Over Age 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. What are the 401(k) contribution limits for 2024?

Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs. Here’s how the 401(k) plan limits will change in 2024: