2024 Maximum 401k Contribution Over 55. The contribution limits for individual. 401 (k) contribution limits should continue their upward climb in 2024, according to a recent projection by mercer.

The total overall 401 (k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000. For 2024, the 401(k) annual contribution limit is $23,000, up from $22,500 in 2023.