401k Limit 2024 Employer Contribution Over 50

401k Limit 2024 Employer Contribution Over 50. $19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023; The ira catch‑up contribution limit for individuals aged 50 and older remains at $7,500 for 2024.

The employee contribution limit for a simple ira is $16,000 in 2024 if the employee is under 50. This amount is up modestly from 2024, when the individual 401(k).