Total 401k Contribution Limit 2024 Over 50. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. In 2023 and 2024, this limit is $7,500.
Savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023, an increase of $500 from 2023. For those aged 50 and older, there’s.