401k Catch Up 2024 Rules

401k Catch Up 2024 Rules. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. The 401(k) contribution limit for 2023 is $22,500 for employee contributions and $66,000 for combined employee and employer contributions.

Beginning this year (2024), the secure 2.0 act eliminates rmds for qualified employer roth plan accounts. There are annual limits to how much you can contribute to your 401 (k).