2024 401k Maximum Contribution Limits

2024 401k Maximum Contribution Limits. In 2024, employees and employers can contribute a combined maximum of $69,000 (or $76,500 if the employee is age 50 or older). The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older).

Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. Those 50 and older can contribute an additional.