2024 401k Contribution Limit Over 55

2024 401k Contribution Limit Over 55. They both offer a $23,000 employee contribution (for those under 50 in 2024) and a $69,000 total contribution (for those under 50 in 2024). The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older).

In 2024, the 401(k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.