401k Limit 2024 69000 . The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). Participants can contribute up to $23,000 to their 401(k) plans in 2024 (up from $22,500 in 2023).
The limit on total employer and employee contributions for 2023 was $66,000 ($73,500 with. Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.
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