2024 401k Contribution Limits Catch Up Over 55 . The limit on employer and employee contributions is $69,000. The 401(k) compensation limit is $345,000.
In 2024, you’re able to contribute an additional $7,500 to a 401 (k) each year, so long as you’ve made your contributions by the end of the calendar year. 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.
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