2024 401k Limits Over 50. This includes all your personal contributions and any money your employer contributes to your 401(k) on your behalf. Employee 401(k) contribution limits for 2024 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).
Here’s who could be affected by the update, according to experts. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov.