2024 401k Contribution Limits Catch Up Limit

2024 401k Contribution Limits Catch Up Limit. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. Contribution maximums will increase from $22,500 to $23,000 for 401 (k), 403 (b) and most 457 plans, as well as the federal government’s thrift savings plan, the irs.

This means that your total 401(k) contribution limit for 2024 is. For 2024, the maximum you can contribute to a simple 401 (k) is $16,000.