2024 Solo 401k Contribution Limits 2024

2024 Solo 401k Contribution Limits 2024. Those 50 and older can contribute an additional $7,500. The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.

For 2024, the max is $69,000 and $76,500 if you are 50 years old or older. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.