Solo 401k Contribution Limits 2024 Over 50

Solo 401k Contribution Limits 2024 Over 50. Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. Therefore, if you were compensated $20,000.

For 2023, the limits were $66,000, or $73,500 if you’re 50 or older. For 2023, the solo 401 (k) contribution limits are $66,000 or $73,500 if you are at least age 50.