2024 401k Contribution Max

2024 401k Contribution Max. Americans held $7.8 trillion in 401(k) plans, or defined contribution plans, as of march 31, 2024,. The overall 401(k) limits for.

For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. In 2024, the 401 (k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023.