2024 401k Limits Over 55. Employer matches don’t count toward this limit and can be. Savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023, an increase of $500 from 2023.
The total maximum allowable contribution to a defined contribution plan (including both employee and employer contributions) is expected to rise by $2,000. The 401 (k) contribution limit for individuals has been increased to $23,000 for 2024.
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