401 K Plan Contribution Limits 2024 Over 55. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024. If you contributed 5 percent of your salary to a 401(k) plan, your contribution would be $96 a pay period, but your pay would fall by $82, assuming you were in the 15 percent tax bracket, according to a calculator from fidelity.
The contribution limit will increase from $22,500 in 2023 to $23,000. In addition, the income limits to claim the saver.
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