Maximum 401k Contribution 2024 Over 55 Years

Maximum 401k Contribution 2024 Over 55 Years. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. In 2022, the most you can contribute to a roth 401(k) and contribute in pretax contributions to a traditional 401(k) is $20,500.

The irs places contribution limits on 401 (k)s: For 2024, an employee can contribute a maximum of $23,000 and the employer can contribute a maximum of $46,000 for a total of $69,000.