401k Limit 2024 Employer Contribution Over 50

401k Limit 2024 Employer Contribution Over 50. That's a $500 bump from the $23,000 elective deferral limit for 401 (k) plan employee. The roth 401(k) contribution limit for 2024 is $23,000 for employee contributions and $69,000 total for both employee and employer contributions.

In other words, 50+ savers can max out their 401(k) by contributing up to. That’s a $500 jump from the $23,000 limit in 2024.