401 K Contribution Limits 2024 Over 55. In 2024, the 401 (k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023. The limit on employer and employee contributions is $69,000.


401 K Contribution Limits 2024 Over 55

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. Those 50 and older can contribute an additional $7,500.

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