2024 401k Max Over 55

2024 401k Max Over 55. Retirement savers are eligible to put $500 more in a 401(k) plan in 2024: The total maximum allowable contribution to a defined contribution plan (including both employee and employer contributions) is expected to rise by $2,000.

For 2024, the 401(k) annual contribution limit is $23,000, up from $22,500 in 2023. Find out the irs limit on how much you and your employer can contribute to your 401(k) retirement savings account in 2023 and 2024.