Max 401k 2024 Catch Up Date. For 2024, the contribution limit. 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 2023).
Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. For 2024, the maximum you can contribute from your paycheck to a 401 (k) is $23,000.