2024 401k Contribution Limit Over 55

2024 401k Contribution Limit Over 55. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. Read on to learn more about the 401.

For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. Most people don’t max out their 401(k).