Max 401k Contribution 2024 Over 55. The annual employee contribution limit for 401(k) retirement plans is increasing from $22,500 to $23,000 in 2024. The limit on annual contributions to an ira increased to $7,000, up from $6,500.
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. The 401(k) contribution limit for 2024 is $23,000.
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