What Is Max 401k Contribution 2024 Over 50. The 401 (k) contribution limit is $23,000. Employees age 50 or older are eligible to contribute an additional $1,000, for a total of $8,000.
Employees age 50 or older are eligible to contribute an additional $1,000, for a total of $8,000. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.