2024 401k Contribution Limit Catch Up Over 55

2024 401k Contribution Limit Catch Up Over 55. Those 50 and older can contribute an additional $7,500. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.

In 2023 and 2024, this limit is $7,500. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older).