401k Contribution Limits 2024 Over 50

401k Contribution Limits 2024 Over 50. The 401 (k) compensation limit is $345,000. 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. Contribution limits for a roth 401(k) are the same as for a traditional 401(k).