2024 401k Contribution Limits 2024 Catch Up . For 2024, the maximum you can contribute to a simple 401 (k) is $16,000. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit.
Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. Employees age 50 or older are eligible to contribute an additional $1,000, for a total of $8,000.
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401K Contribution Limits 2024 All you need to Know about 401K , Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov.