2024 401k Contribution Limits For Simple 401k Contribution

2024 401k Contribution Limits For Simple 401k Contribution. The contribution limit will increase from $22,500 in 2023 to $23,000. For employer sponsored plans, including 401(k)s the 2024 contribution limits will jump to $23,000.

Retirement savers are eligible to put $500 more in a 401(k) plan in 2024: The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.