2024 Maximum 401k Contribution Limits Over 50

2024 Maximum 401k Contribution Limits Over 50. In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023. As lawyers get older, there are other ways to maximize retirement contributions.

The base 2024 maximum 401k contribution limit for employees is $23,000 (+$500 versus 2023). Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.