401k Plan Limit 2024 Age 50 Or More. Learn how to make the most of your 401k plan Employees can contribute up to $23,000 to their 401 (k) plan for 2024 vs.
In 2024, the maximum amount an employee under age 50 can contribute to a 401 (k) is $23,000. For individual retirement accounts (iras)—both roth and traditional types—the 2024 contribution limit will increase to $7,000, up from $6,500 in 2023.
