401k Limits 2024 Over 50 Catch Up. For 2025, the annual employee contribution limit for 401(k) plans is set to increase from $23,000 in 2024 to a record high of $23,500. So, these taxpayers can still contribute an additional $7,500.

Individuals aged 50 and older are allowed to put more money into a 401(k) every year to help them make up for earlier years when they couldn’t spare as much. So, these taxpayers can still contribute an additional $7,500.