Gina Shandie

Maximum 401k Contribution 2024 With Catch Up. The contribution limit for simple 401(k)s is $16,000 (up to $19,500 if you're 50 or older). Workers ages 50 and older can make an additional annual contribution to their 401(k) plan, over and above the standard $20,500 limit.

Workers ages 50 and older can make an additional annual contribution to their 401(k) plan, over and above the standard $20,500 limit. For 2024, the 401(k) annual contribution limit is $23,000, up from $22,500 in 2023.