2024 401k Max Contribution Limits Over 50. 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. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.

Employer matches don’t count toward this limit and can be quite generous. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.