Daphne Walliw

Maximum 401k Contribution 2024 50+. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000. Employees age 50 or older are eligible to contribute an additional $1,000, for a total of $8,000.

In 2024, employers and employees together can contribute. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.