401k Contribution Limits 2024 Catch Up Total Increase

401k Contribution Limits 2024 Catch Up Total Increase. Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,500 in 2025. It permits those aged 60 through 63 to contribute $11,250 instead of $7,500 in.

In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023. Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,500 in 2025.