2024 401k Contribution Limits Table Over 50. 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. This amount is up modestly from 2024, when the individual 401(k).
The table shows that the contribution limits for traditional 401(k), roth 401(k), and simple 401(k) plans have increased by $500 from the previous year. 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.