2024 401k Maximum Contribution Over 50

2024 401k Maximum Contribution Over 50. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. Next year, savers will have a chance to.

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. You can make solo 401(k) contributions as both the employer and employee.