401k Limits 2024 Over 50 Catch Up

401k Limits 2024 Over 50 Catch Up. Employees can contribute up to $23,000 to their 401 (k) plan for 2024 vs. So, if you were exercising this option in 2024, you'd only be able to roll over up to $7,000, which is the 2024 limit for people younger than 50.

For 2024, the maximum you can contribute to a simple 401 (k) is $16,000. 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 contribution plan to.