401k 2024 Catch Up Limits Over 55

401k 2024 Catch Up Limits Over 55. The 401 (k) contribution limit for 2024 is $23,000. For 2024, the employee contribution limit for 401 (k) plans is $23,000, up from $22,500 in 2023.

In most cases, employees have the ability to make contributions, which the employer may choose to match up to a certain percentage. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase.