Contribution Limit 401k 2024 Fidelity. The oldest members of gen x are less than a decade away from retirement, but there's still time to give their savings a boost. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
In contrast, participants in workplace 401(k) plans can contribute. The contribution limit for 401(k)s, 403(b)s, most 457 plans and the federal government’s thrift savings plan is $23,000 for 2024, up from $22,500 in 2023.