401k Contribution Limits 2024 Age 55

401k Contribution Limits 2024 Age 55. The irs limits how much employees and employers can contribute to a 401 (k) each year. Employees can invest more money into 401(k) plans in 2025, with contribution limits increasing from $23,000 in 2024 to $23,500 in 2025.

This brings the total contribution limit to $31,000 for employees 50 and up. In 2024, the 401 (k) contribution limit for.