401k Catch Up Limits 2024. 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.

401(k) (other than a simple 401(k)) 403(b) employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from. In 2024, the contribution limit for 401k plans, including 403 (b) plans, and most 457 plans, will increase to $23,000.