2024 401k Limits And Matching

2024 401k Limits And Matching. The 401(k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. That's an increase from the 2023 limit of $330,000.

In 2024, your employees’ 401(k) contribution limits will increase to $23,000, up from $22,500 in 2023. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up.