2024 401k Maximum Contribution. 401k max contribution 2024 for people over 50.as of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them. 401k 2024 contribution limit chart, the maximum 401k contribution limit for 2024 increases to $23,000, up from $22,500 in 2023, up from $20,500 in 2022, and up from $19,500 in 2021.
For 2024, the maximum annual contribution to a 401(k) plan is $69,000 ($76,500 people aged 50 and older), while the maximum cash balance plan contribution can reach as high as $341,000. $23,000 for tax year 2024, plus.
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