401k Contribution Limits 2024 Employer 2024 . In 2024, the contribution limit for 401k plans, including 403 (b) plans, and most 457 plans, will increase to $23,000. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase.
For 2024, that means socking away up to $23,000 if you’re under 50, or up to $30,500 if you’re 50 or older. The 401 (k) contribution limit is $23,000 in 2024.
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