Raven Cathlene

Limit On 401k Contributions 2024 In India.  — the contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older).  — as of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.

 — for 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000. That’s an increase from the 2023 limit of $330,000.