2024 Contribution Limits 401k Over 50 . The 401(k) compensation limit is $345,000. 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.
For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. For 2023, the limits were $66,000, or $73,500 if you’re 50 or older.
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