2024 401 K Catch Up Contribution Limit. The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. 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 ($15,500 for 2023).
Those 50 and older can contribute an additional $7,500. The limit on total employer and employee contributions for 2023 was $66,000 ($73,500 with.