2024 401k Contribution Limits 2024 Over 50. The annual employee contribution limit for 401(k) retirement plans is increasing from $22,500 to $23,000 in 2024. The 401(k) contribution limit for 2024 is $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. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.