401k Limits 2024 Catch Up . The contribution limit for simple 401(k)s is $16,000 (up to $19,500 if you're 50 or older). However, your contribution cannot exceed 25% of your gross adjusted income.
How do you start a 401(k)? The contribution limit for simple 401(k)s is $16,000 (up to $19,500 if you’re 50 or older).
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401k Limits 2024 Catch Up Age Birgit Steffane , Those 50 and older can contribute an additional $7,500.