2024 401k Contribution Limit Age 50

2024 401k Contribution Limit Age 50. Solo 401k employer contribution limits 2024 licha othilie, for 2024, the solo 401(k) maximum contribution limit for the elective deferral is $23,000 if you’re age 50 and under. The 401 (k) contribution limit for individuals has been increased to $23,000 for 2024.

In 2024, the 401 (k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023. This is an extra $500 over 2023.