2024 401k Limit

2024 401k Limit. For employer sponsored plans, including 401(k)s the 2024 contribution limits will jump to $23,000. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024.

In 2024, the contribution limit for solo 401(k) plans is the same as it is for traditional 401(k) plans, with individuals under 50 allowed to contribute up to $23,000. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs.