401k 2024 Limits Catch Up. Employees 50 or older can. The 2022 contribution limit for a simple ira or 401 (k), which are retirement plans designed for small businesses with 100 or fewer employees, is $14,000.

For 2024, the maximum you can contribute from your paycheck to a 401 (k) is $23,000. The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from.