Catch Up 401k Contribution Limits 2024. Employees 50 or older can. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.
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. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.