401k 2024 Limits Catch Up Contribution. 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. For 2024, you can contribute up to $7,000 to a roth or traditional ira.
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. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal governmentโs thrift savings plan can contribute up to $23,000 in 2024, a $500 increase.
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