2024 Catch Up Contribution 401k Fidelity. Defined contribution retirement plans will be able to add. If you’re age 50 or older, you get to benefit from higher contribution limits to help your retirement accounts catch up.

The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. For the 2024 tax year, you can save a maximum of $23,000 in a roth 401 (k).