2024 Max 401k Contribution Catch Up 2022

2024 Max 401k Contribution Catch Up 2022. Employees can contribute up to $23,000 to their 401 (k) plan for 2024 vs. 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 irs announced friday an increase to the annual individual contribution limit for 401 (k) plans to $23,500 for 2025. For 2024, the maximum 401 (k) contribution limit is $23,000 for individuals under the age of 50.