401k Limit 2024 Over 55
401k Limit 2024 Over 55. Most workplace retirement plans—including 401(k)s, 403(b)s, 457s and tsps—allow employees to contribute up to $23,000 in 2024. However, individual retirement account (ira) contributions will continue to be $7,000 in 2025,.
In 2024, the irs has increased the standard employee contribution limit for 401(k) plans to $23,000. 2024 401(k) elective deferral limit is $23,000, increasing to $23,500 in 2025.