401k Contribution Limits 2024 Age 55 . In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023. 401k contribution limits 2024 age 55.
The annuity sponsor, 401 (k) administrator, or ira custodian should conduct the valuation and inform the account owner. Employees age 50 or older are eligible to contribute an additional $1,000, for a total of $8,000.
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2024 IRS 401k IRA Contribution Limits Darrow Wealth Management , For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.