What Is The 401k Contribution Limit For 2024 . 401 (k) contribution limits 2024. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500.
The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. For employer sponsored plans including 401 (k), 403 (b) and 457 retirement plans—as well as thrift savings plans, a type of account.
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