Contribution Limit 401k 2024 Employer

Contribution Limit 401k 2024 Employer. The limit on employer and employee contributions is $69,000. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older).

Workplace retirement plan contribution limits for 2024. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase from the $22,500 limit in.