401k Contribution Limits 2024 Over 50. 401(k) accounts have far bigger contribution limits. The limit on employer and employee contributions is $69,000.
Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024. 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.
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