401k 2024 Limit Contribution. You can contribute to more than one. In 2024, those amounts are $7,000 and $8,000, respectively.

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.