2024 401k Contributions Catch Up 2024. This provision allows older individuals to. In 2022, for people under 50 years old, this limit is.

For 2024, the limit for 401 (k) plan contributions is $23,000, up from $22,500 last year, according to the irs. For 2023, eligible workers can save another $7,500 after maxing out employee deferrals at $22,500.