2024 401 K Contribution Limit Catch Up . Workers ages 50 and older have a higher annual 401 (k) contribution limit than their younger peers. The 401(k) contribution limit for 2024 is $23,000.
In 2024, the 401(k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023. The maximum an employer can contribute to an employee’s 401(k) account in 2024 is $46,000 if they are under 50.
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