Maximum 401 K Contributions 2024 Over 50. Employees 50 or older can contribute up to $30,500 with catch. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.
Plus 50% for each contribution exceeding 3% but not over 5% ; As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.