401k Annual Limit 2024 Catch Up

401k Annual Limit 2024 Catch Up. 48 rows in 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023. For 2025, the 401(k) contribution limit for employees is $23,500, or $31,000 if you are age 50 or older.

This ensures that the limits remain meaningful as the cost of living. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov.