401k Limits 2024 Table Over 50 . The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). This amount is up modestly from 2023, when the individual.
If you’re over the age of 50, you can contribute an additional $7,500. 401(k) plans can allow loans as much as 50% of your vested account balance, or $50,000, whichever is less.
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