What Is The 401k Limit For 2024 Irs Catch-Up. The elective deferral limit for simple plans is 100% of compensation or $16,000 in 2024, $15,500 in 2023, $14,000 in 2022, and $13,500 in 2020 and 2021. 2024 401k contribution limits 2024 irs.

Review the irs limits for 2024. The limit on total employer and employee contributions for 2023 was $66,000 ($73,500 with.