2024 401k Contribution Limits Chart 2024

2024 401k Contribution Limits Chart 2024. The simple ira and simple 401 (k) contribution limits will increase from $15,500 in 2023 to $16,000 in 2024. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.


2024 401k Contribution Limits Chart 2024

The contribution limit will increase from $22,500 in 2023 to $23,000. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.

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