401k Limits 2024 Catch Up Contribution. This amount is up modestly from 2024, when the individual 401 (k) contribution limit was $23,000, or $30,500 for employees who were 50 or older. 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.

Contribution limits for 401(k) and other workplace retirement plans rise for 2025. Starting in 2025, the 401 (k) employee deferral limit will jump to $23,500, up from $23,000 in 2024.