2024 401k Contribution Limits Chart. The rates have increased so. This amount is up modestly from 2024, when the individual 401(k) contribution limit was $23,000, or $30,500 for employees who were 50 or older.
On november 1, 2023, the internal revenue service announced that the amount individuals can contribute to their 401(k) plans in. The 401(k) contribution boost for 2024 is lower than the $2,000 jump that occurred for 2023, but is still significant for the many employees who are falling short of their retirement goals.