Ora Janette

401k Limit 2024 Over 55. In 2024, the contribution limit for 401(k) accounts is increasing by $500 to $23,000. For 2024, the 401(k) limit for employee salary deferrals is $23,000, which is above the 2023 401(k) limit of $22,500.

Employer matches don’t count toward this limit. Those 50 and older can contribute an additional $7,500.