401k Max 2024 Contributions 2024. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). In 2024, the total amount you can contribute to your 401(k), including matching contributions, is $69,000.
The contribution limit for 401 (k)s, 403 (b)s, most 457 plans and the federal government’s thrift savings plan is $23,000 for 2024, up from $22,500 in 2023. For 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000.
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