2024 Contribution Limits 401k Catch Up Over 50. The total employee contribution limit to all 401(k) and 403(b) plans for those under 50 will be going up from $23,000 in 2024 to $23,500 in 2025. If you are age 50 or older by the end of the year, your individual limit is increased by $7,500 in 2023 and 2024;
The ira contribution limit is shared. In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023.