2024 401k Max Contribution Over 50. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. However, individual retirement account (ira) contributions will continue to be $7,000 in 2025, the same.

The contribution limits for individual. 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.