Annual 401k Contribution Limit 2024 Over 50. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. For 2024, the contribution limits for 401 (k) plans have been increased.

The contribution limit for a roth ira is $7,000 (or $8,000 if you are over 50) in 2024. This limit includes all elective employee salary deferrals and any contributions.