2024 401k Limits And Matching Contribution Limits. 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.
In 2024, employees and employers can contribute a combined maximum of $69,000 (or $76,500 if the employee is age 50 or older). For 2024, the irs limits the amount of compensation eligible for 401(k) contributions to $345,000.
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