2024 Max 401k Contribution 50 Year Olds 2024 . The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. The base 2024 maximum 401k contribution limit for employees is $23,000 (+$500 versus 2023).
This year, defined contribution plans got a historic contribution limit. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.
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