2024 401k Contribution Limits For Simple 401k Match

2024 401k Contribution Limits For Simple 401k Match. Employees will be able to sock away more money into their 401 (k)s next year. Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift.

If you contribute, say, $23,000 toward your 401 (k) in 2024 and your employer adds $5,000, you’re still within the irs limits. The additional contribution amount is $3,500 in 2023 ($3,000 in 2022, 2021, and 2020).