2024 401k Maximum Contribution Over 50

2024 401k Maximum Contribution Over 50. Total contributions to a solo 401 (k) cannot exceed $69,000 or $76,500 for those at least aged 50. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.


2024 401k Maximum Contribution Over 50

In 2024, the 401(k) maximum contribution amount allowable is $23,000. The total contribution limit for both employee and employer contributions to 401(k) defined contribution plans under section 415(c)(1)(a) increased from $66,000 to $69,000.

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