2024 401k Contribution Limit 50+. Participants who are 50+ can save an additional. In 2024, the 401 (k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023.
For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. For 2024, the 401(k) limit for employee salary deferrals is $23,000, which is above the 2023 401(k) limit of $22,500.