401 K Plan Contribution Limits 2024

401 K Plan Contribution Limits 2024. The contribution limit for 401(k)s, 403(b)s, most 457 plans and the federal government's thrift savings plan is $23,000 for 2024, up from $22,500 in 2023. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.

For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. 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 from the $22,500 limit in.