Drucy Ceciley

Individual 401 K Contribution Limits 2024 Over 55. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023). If you participate in a 401 (k) retirement savings plan at work, your personal contribution limit in 2024 is $23,000.

This goes for employees covered by 403 (b) plans and most 457 plans, too. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up.