2024 40ik Contribution Limits

2024 40ik Contribution Limits. The 401k contribution limits for the year 2025 are expected to see many increases in different plans including elective deferral limit to $24,000, defined. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.

In 2024, the contribution limit for a roth 401 (k) is $23,000, plus an additional contribution of $7,500 if you are age 50 or older. I estimate it will go up by $500 to $23,500 in 2025.