401k Max Contribution 2024 Over 50 . What is the maximum 401 (k). In 2024, both the traditional 401 (k) and roth 401 (k) have a contribution limit of $23,000, while simple 401 (k) has a limit of $16,000.
The 2024 401 (k) individual contribution limit is $23,000, up from $22,500 in 2023. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000.
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