401k Limit 2024 Employer Contribution. This amount is an increase of $500 from the 2023 401. Those 50 and older can contribute more.

The contribution limit for simple 401k and simple ira plans is $16,000 in 2024. For 2024 and 2025, you can contribute an additional $7,500 to traditional and roth 401 (k) accounts and $3,500 to a simple 401 (k).