2024 401k Contribution Limits Over 50

2024 401k Contribution Limits Over 50. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000. The 401(k) contribution limits for 2023 sit at $22,500 for retirement savers under 50 and $30,000 for those 50 and over.

Roth 401 (k) contribution limits are the same as traditional 401 (k) limits for 2025. For 2025, the 401(k) contribution limit for employees is $23,500, or $31,000 if you are age 50 or older.