Maximum Contributions 401k 2024 Employer. 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. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older).
Some retirement plans have lower. For 2024 you may contribute up to $23,000 to your employer’s 401 (k) plan.
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