2024 401k Limits Over 50

2024 401k Limits Over 50. There's also a $7,500 catch. The contribution limits for individual retirement accounts (iras) also increases.

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. Workplace retirement plan contribution limits for 2024.