2024 401k Contribution Limits For Simple 401k Plan

2024 401k Contribution Limits For Simple 401k Plan. Retirement plans and iras under the secure 2.0 act of 2022; The contribution limit for simple 401(k)s is $16,000 (up to $19,500 if you're 50 or older).

Retirement plans and iras under the secure 2.0 act of 2022; For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.