Max 401k Contribution 2024. 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. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024. For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.