2024 401k Limits Over 55. Each year, the internal revenue service (irs) provides a limit on what an individual can contribute to a 401 (k) plan. In 2024, the 401 (k) contribution limit for participants is increasing to.

Savers will be able to contribute as much as $23,000 in 2024 to a 401 (k), up from $22,500 in 2023, an increase of $500 from 2023. 401k limits for 2024 over age 50022 over 55 sonia eleonora, as of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this.