2024 401k Contribution Limit

2024 401k Contribution Limit. The contribution limit for employees who participate in 401(k), 403(b), and most 457 plans, as well as the federal government's thrift savings plan is increased to $23,000, up from $22,500. The rates have increased so make sure you're maxing out your contributions

Employees can contribute up to $23,500 to their 401 (k) plan for 2025 vs. The 401(k) contribution limit for 2024 is $23,000 for employee salary deferrals, and $69,000 for the combined employee and employer contributions.