2024 401k Contribution Limits For Simple 401k Contribution. In 2024, the contribution limits are $23,000, or $30,500 for those age 50 or older. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.
For tax year 2024 (filed by april 2025), the limit is $23,000. Retirement savers are eligible to put $500 more in a 401(k) plan in 2024:
Learn How To Make The Most Of Your 401K Plan.
If you're trying to catch up on retirement savings, the high contribution limits make it possible.
For Gen Z, Those Born Between 1997 And 2012, The Roth 401(K) Contribution Rate Was 16.8%.
For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
The total maximum allowable contribution to a defined contribution plan (including both employee and employer contributions) is expected to rise by $2,000.
This Limit Includes All Elective Employee Salary Deferrals And Any Contributions.
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 For Simple 401k Contribution