401k Max 2024 Catch Up. The contribution limit for simple 401(k)s is $16,000 (up to $19,500 if you're 50 or older). For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024.
To get the most out of a 401 (k), you should be aware of the contribution limit set by the internal revenue service (irs). The 2024 401 (k) individual contribution limit is $23,000, up from $22,500 in 2023.