2024 401k Maximum Contribution Limits

2024 401k Maximum Contribution Limits. You can contribute to more than one 401 (k). 401 (k) a 401 (k) is a great alternative if you have access to one through an employer.

For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older).