2024 401k Contribution Limits 2024 Employer. For 2024, the contribution limit increases again to $23,000. The irs limits how much employees and employers can contribute to a 401 (k) each year.

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 announced nov. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase.