401k Limits 2024 Catch Up Contribution . Employees age 50 or older are eligible to contribute an additional $1,000, for a total of $8,000. This amount is an increase of.
The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.
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Resources To Help You Manage Your 401k Independent 401k Advisors , For 2024, the maximum you can contribute to a simple 401 (k) is $16,000.