2024 Irs 401k Contribution Limits Over 50. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). Employees can contribute up to $23,000 to their 401 (k) plan for 2024 vs.

The irs limits how much employees and employers can contribute to a 401 (k) each year. Employees can contribute up to $23,000 to their 401 (k) plan for 2024 vs.