2024 401k Limits Total Contribution Limits. For 2024 and 2025, you can contribute an additional $7,500 to traditional and roth 401 (k) accounts and $3,500 to a simple 401 (k). The total contributions from both the employer and the employee to all defined contribution plans by the same employer is $69,000 in 2024.
In 2024, the 401 (k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023. The 2024 changes to the 401k contribution limits offer employees opportunities to maximize their retirement savings.
2024 401k Limits Total Contribution Limits Images References :