401k Limits 2024 Employer And Employee

401k Limits 2024 Employer And Employee. If you’re 50 or older, you can stash an additional $7,500 in your 401 (k). For those 50 or older, the limit is $30,500.

For 2024 you may contribute up to $23,000 to your employer’s 401(k) plan. For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.