Max 401k Contribution 2024 Over 50 Catch Up. The 401k contribution limits for the year 2025 are expected to see many increases in different plans including elective deferral limit to $24,000, defined. Let’s say you happened to turn 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. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.
