2024 401k Contribution Limit Calculator In Hindi. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older).
For 2024, the starter 401 (k) plans, a new retirement savings option for small businesses, allow employees to contribute up to $6,000. For 2024, the 401(k) limit for employee salary deferrals is $23,000, which is above the 2023 401(k) limit of $22,500.
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