401 K Contribution Limits 2024 Over 50. — the 401 (k) contribution limit for individuals has been increased to $23,000 for 2024. The 401(k) compensation limit is $345,000.
— 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. — the 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.