401k Contribution 2024 Limit Employer Match

401k Contribution 2024 Limit Employer Match. 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.

(for 2023, those numbers are $22,500 and $30,000,. For those 50 or older, the limit is $30,500.