2024 401k Max Contribution Limits Over 50. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older).
In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023. The most common is a 50% match contribution up to 6% of.