2024 Limits On 401k Contributions For Age 50

2024 Limits On 401k Contributions For Age 50. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase. The limit on employer and employee contributions is $69,000.

The roth 401 (k) contribution limit for 2024 is $23,000 for employee contributions and $69,000 total for both employee and employer contributions. Employees age 50 or older are eligible to contribute an additional $1,000, for a total of $8,000.