401k Max Contribution 2024 Employer. Beginning in 2024, workers will be allowed to contribute up to $23,000 to their 401 (k), an increase of $500 from this year. The increase applies to other retirement savings accounts, including.


401k Max Contribution 2024 Employer

The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older). Set by the internal revenue service (irs), this limit undergoes periodic adjustments to account for inflation and changes in the cost of living.

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