Catch Up 401k Contribution 2024. The limit on combined employee and employer contributions is $69,000, up from $66,000 in 2023. Workers ages 50 and older have a higher annual 401 (k) contribution limit than their younger peers.
Employees 50 or older can contribute up to $30,500 with catch. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.
