Over 50 401k Contribution Limits 2024. The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024. The contribution limits for individual retirement accounts (iras).
For 2024, the limit for 401 (k) plan contributions is $23,000, up from $22,500 last year, according to the irs. You can contribute to more than one 401(k) plan.