2024 401k Max Contribution Rates. Those 50 and older can contribute an additional $7,500. The 401 (k) contribution limits in 2024 have increased for employees to $23,000.
The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. Contribution limits for 401(k)s, 403(b)s, most 457 plans, thrift savings plans (tsps), and other qualified retirement plans rise were $23,000 for 2024, rising from $22,500 for 2023.
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