2024 401k Catch Up Contribution Limits 2024 Over 55

2024 401k Catch Up Contribution Limits 2024 Over 55. Employees 50 or older can. 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 2024 contribution limit for 401 (k) plans is $23,000, up from $22,500 in 2023. Those 50 and older can contribute an additional $7,500.