2024 Max 401k Contribution Over 50. The limit on employer and employee contributions is $69,000. The overall 401 (k) limits for employee and employer.
Employees age 50 or older are eligible to contribute an additional $1,000, for a total of $8,000. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500.