401k 2024 Max Contribution Limit . Some retirement plans have lower. 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, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. This limit includes all elective employee salary deferrals and any contributions.
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401k 2024 Contribution Limit Chart , For 2024, the compensation limit (which is the amount of your income thatโs used to figure out 401(k) contributions and matches) is limited to $345,000.
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