401k Maximum Contribution 2024 Employer Matching . (for 2023, those numbers are. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.
The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older). In 2024, your employees’ 401 (k) contribution limits will increase to $23,000, up from $22,500 in 2023.
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Guide to 401(k) Contribution Limits and Employer Match for 2024 , Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024.
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