Catch Up Contribution To 401k 2024 Over 55 . People younger than 50 may contribute up to $22,500 in 2023 and $23,000 in 2024. The annual employee contribution limit for 401(k) retirement plans is increasing from $22,500 to $23,000 in 2024.
Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.
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How Much Can I Contribute To My SelfEmployed 401k Plan? , For 2024, the maximum you can contribute to a simple 401 (k) is $16,000.
