401k Plan Limit 2024 Age 50 Or More

401k Plan Limit 2024 Age 50 Or More. Those 50 and older can contribute an additional. The 2024 limit for participants in 401(k), 403(b), most 457 plans and the federal government's thrift savings plan was increased to $23,000 from $22,500 in 2023.


401k Plan Limit 2024 Age 50 Or More

In 2024, the 401(k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023. Employees age 50 and older are subject to a higher contribution limit with either type of contribution.

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