401k Max 2024 Catch Up Contribution. Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs. 401(k) (other than a simple 401(k)).

The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older). The 2022 contribution limit for a simple ira or 401 (k), which are retirement plans designed for small businesses with 100 or fewer employees, is $14,000 ($15,500 for 2023).