Catch Up 401k Limit 2024 Over 65 . Those 50 and older can contribute an additional $7,500. For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.
Workers ages 50 and older can make an additional annual contribution to their 401(k) plan, over and above the standard $20,500 limit for 2022 or the $22,500. The 401(k) compensation limit is $345,000.
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