401k Max Contribution Limit 2024

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401k Max Contribution Limit 2024. The simple ira and simple 401 (k) contribution limits will increase from $15,500 in 2023 to $16,000 in 2024. For 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000.


401k Max Contribution Limit 2024

Most people don’t max out. That compares with the $500 boost seen in 2024 over 2023.

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