401k Contribution Limit 2024 Catch Up Over 50

401k Contribution Limit 2024 Catch Up Over 50. Contribution limits for a roth 401(k) are the same as for a traditional 401(k). Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.

401(k) accounts have far bigger contribution limits. In 2024, the 401(k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023.