What Is Max 401k Contribution 2024 Over 50. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023). Some retirement plans have lower limits, so check the details of your allowable contributions.
That limit also applies to 457, 403 (b) and the federal government’s thrift. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.