2024 Max 401k Contribution Catch Up. As you can see, the limit increased by $500 for elective contributions, and $1,000 for overall contributions, compared to 2024. 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.

The standard 2024 maximum 401k contribution limit for employees is $23,000 (+$500 versus 2023). The total employee contribution limit to all 401 (k) and 403 (b) plans for those under 50 will be going up from $23,000 in 2024 to $23,500 in 2025.