2024 401k Contribution Limits Chart In India. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. See the limits for traditional 401(k)s, roth 401(k)s, employer contributions, and profit sharing.

Although the official announcement hasn’t been made yet, many analysts predict that the 2024 401 (k) contribution limit will jump $500 to $23,000, from the. Known as the 402 (g) limit in the internal revenue code (or irc), individuals can contribute up to $20,500 between their traditional and roth 401 (k) accounts in 2022.