Maximum 401k Contribution 2024 Over 55. The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024. If you participate in a 401 (k) retirement savings plan at work, your personal contribution limit in 2024 is $23,000.

Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 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) account on a.