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2024 401k Contribution Max Over 50. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. These individual employee limits are cumulative across multiple 401(k) plans.

For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit. 401(k) contribution limits for 2023 and 2024.