401k Annual Limit 2024

401k Annual Limit 2024. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). If you participate in a 401 (k) retirement savings plan at work, your personal contribution limit in 2024 is $23,000.


401k Annual Limit 2024

Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โ€™s $22,500 to $23,000 for 2024. The contribution limits for individual retirement accounts (iras) also.

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