2024 Solo 401k Contribution Limits 2024 Employer Match. The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older).

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. With the increased solo 401k contribution limits for 2024, it’s an opportune time for plan holders to reassess and maximize their contributions.