Contribution Limits 2024 401k Fidelity. The simple ira and simple 401(k) contribution limits will increase from $16,000 in 2024 to $16,500 in 2025. Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs.
Both types of 401(k) have the same contribution limits. 2024 contribution limits opens in a new window the irs increased the yearly retirement plan contribution limit to $23,000 for 2024.