Roth 401k Contribution Limits 2024 Over 50. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.
For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. The roth 401 (k) contribution limit for 2024 is $23,000 for employee contributions and $69,000 total for both employee and employer contributions.