401k Limit 2024 Employer Contribution Over 50. In 2024, the 401 (k) contribution limit for participants is increasing to. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.
For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit. The 2024 401(k) individual contribution limit is $23,000, up from $22,500 in 2023.
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