Talya Fernanda

401k Max 2024 Employer Contribution Over 50. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. Those 50 and over can contribute an additional $3,500 for a maximum contribution of.

That’s because the irs has a higher combined limit for employee and employer contributions. Workers who contribute to a 401(k), 403(b), most 457 plans, and the federal.