401k Contributions 2024 Max Age. The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.
In 2024, the contribution limit for a roth ira is $7,000,. For 2024, your personal contributions cannot exceed $23,000 or $30,500 if you are age 50 or older.