401k Maximum Contribution 2024 Plus Catch Up Contribution

401k Maximum Contribution 2024 Plus Catch Up Contribution. Specifically, individuals who are at least 50 years old and earning. For those with a simple 401(k) plan, the maximum deferral amount in 2024 its $16,000.

For 2024, the maximum you can contribute to a simple 401(k) is $16,000. Workers ages 50 and older can make an additional annual contribution to their 401(k) plan, over and above the standard.