2024 401k Catch Up Contribution Limits

2024 401k Catch Up Contribution Limits. If you're 50 or older, you can contribute an additional $1,000. This means that your total 401 (k) contribution limit for 2024 is $30,500.

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. Total contributions cannot exceed 100% of an employee’s annual compensation.