Gena Clemence

What Is The Maximum 401k Contribution 2024 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. This amount is an increase of $500 from the 2023 401(k.

Employees age 50 or older are eligible to contribute an additional $1,000, for a total of $8,000. Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs.