Maximum 401 K Contribution Limit 2024 Over 55. This limit includes all elective employee salary deferrals and any contributions made to a designated roth. 401 (k) contribution limits in 2023 and 2024.

In 2024, the 401(k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023. While the official irs announcement will come next month, the contribution limit for retirement accounts is expected to increase from $23,000 to $24,000 in 2025.