401k 2024 Limits Catch Up Over 50. The limit on total employer and employee contributions for 2025 is. If you’re age 50 or older, you get to benefit from higher contribution limits to help your retirement accounts catch up.
Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000. The limit on combined employee and employer contributions is $70,000, up from $69,000 in 2024.