2024 401k Contributions Max Over 55. For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.

Savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023, an increase of $500 from 2023. 2024 retirement account contribution amounts.