What Is Max 401k Contribution 2024 Over 50
What Is Max 401k Contribution 2024 Over 50. So, for those individuals, the total 401(k) contribution cap is $30,500. Read our write up on the current 401(k) contribution limits and what they mean for you.
The annual elective deferral limit for 401(k) plan employee contributions is increased to $23,000 in 2024. This dollar amount is the same as in 2023.