Limit For 401k Contribution 2024 Over 55. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024. The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024.

This amount is up modestly from 2023, when the individual. The total employee contribution limit to all 401 (k) and 403 (b) plans for those under 50 will be going up from $23,000 in 2024 to $23,500 in 2025.