401k 2024 Contribution Limit Chart Over 50. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.

Finally, we’ll review traditional and roth ira contribution limits. The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024.