Annual 401k Limit 2024 . Employees can contribute up to $22,500, up from $22,000 in 2023. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older).
For 2024, the contribution limits for 401 (k) plans have been increased. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.
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