Max 401k Contribution 2024 Employer . The total overall 401(k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.
Simple 401(k) plan contributions max out at $16,000 for the 2024 tax year. The 401 (k) contribution limit is the maximum amount an individual can contribute to their 401 (k) retirement account in a calendar year without facing tax.
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