2024 Irs 401 K Contribution Limits Over 50. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government's thrift savings plan can contribute up to $23,000 in 2024, a $500 increase. Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.

2024 401k contribution limits 2024 over 50. The total maximum allowable contribution to a defined contribution plan (including both employee and employer contributions) is expected to rise by $2,000.