401 K Plan Contribution Limits 2024 Lok. Each year, the internal revenue service (irs) provides a limit on what an individual can contribute to a 401 (k) plan. 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.
The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023). This limit includes all elective employee salary deferrals and any contributions made to a designated roth.
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