401k Plan Limit 2024 Age 50 Or More. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. For the year 2024, the contribution limit for 401(k) plans is $23,000 for individuals under age 50 and $30,500 for those 50 and older.

In 2024, the maximum amount an employee under age 50 can contribute to a 401(k) is $23,000. For 2024, you can contribute up to $7,000 to a roth or traditional ira.