2024 401k Contribution Limit Over 55. Qualified retirement plan contribution limits 2024 2025; For 2024, the limit for 401(k) plan contributions is $23,000, up from $22,500 last year, according to the irs.

The ira catch‑up contribution limit for individuals aged 50 and older remains at $7,500 for 2024. This year, 401(k) savers can contribute a maximum of $23,000, marking an increase of over 2% from the $22,500 limit set for 2023.