2024 401k Catch Up Contribution Limits 2024. The combined limit for employee and employer contributions is $69,000. 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.
If you are 50 years old or older, you can also contribute up to $7,500 in. The irs sets 401(k) contribution limits and typically increases them by $500 annually.