401k Max Contribution 2024 Over 55. The total contribution limit for both employee and employer contributions to 401 (k) defined contribution plans under section 415 (c) (1) (a) increased from $66,000 to $69,000. Some of the potential strategies to look into.
Employees will be able to sock away more money into their 401 (k)s next year. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.
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