2024 401k Contributions Max Age. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $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.

If you’re 50 or older, you can stash an additional $7,500 in your 401 (k). The 401 (k) employee contribution limit for 2024 is $23,000.