401k Max Contribution 2024 Over 55

401k Max Contribution 2024 Over 55. The 401 (k) contribution limit is $23,000 in 2024. The 401k contribution limits for the year 2025 are expected to see many increases in different plans including elective deferral limit to $24,000, defined.


401k Max Contribution 2024 Over 55

The annual elective deferral limit for 401 (k) plan employee contributions is increased to $23,000 in 2024. If you and your employer are both contributing to your 401 (k), the total contributions to the account can’t exceed $69,000 in 2024.

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