401 K Contribution Limits 2024 Catch Up. Individuals aged 50 and older can contribute an additional $7,500 to their traditional 401 (k) accounts, bringing their total contribution limit to $30,500. The limit on employer and employee contributions is $69,000.
For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. The 401 (k) contribution limit for 2024 is $23,000.