Aa 2024 Profit Sharing Contribution Limits. If you're age 50 or older,. In 2024, they can put up to $23,000 into a solo.
The 401(k) contribution limit for 2024 is $23,000 for employee salary deferrals, and $69,000 for the combined employee and employer contributions. Employers can form multiple 401(a) plans, each with distinct eligibility criteria, contribution amounts, and vesting schedules.