2024 401k Max Contribution Rates. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). The irs released 401(k) and ira contribution limits for 2024.

Among other things, the report reveals that the average 401(k) account balance as of the end of march 2024 was approximately $92,000, up 17% compared to. A roth ira might be a particularly good destination for your extra.