401k Limit 2024 . In 2024, employees can contribute up to $23,000 to their plans. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older).
The 2024 401 (k) individual contribution limit is $23,000, up from $22,500 in 2023. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024.
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401k 2024 Limits Increase Lise Francesca , The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.