2024 401k Contribution Limits Over 55. The 401 (k) contribution limit for individuals has been increased to $23,000 for 2024. For 2024, the 401(k) annual contribution limit is $23,000, up from $22,500 in 2023.
Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs. The contribution limit will increase from $22,500 in 2023 to $23,000.