401k Contribution Limits 2024 Over 60

401k Contribution Limits 2024 Over 60. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. So, if you were exercising this option in 2024, you'd only be able to roll over up to $7,000, which is the 2024 limit for people.

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. Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs.