2024 401 K Contribution Limits. 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. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit.

The 401 (k) individual contribution limit in 2024 is $23,000 ($30,500 in individual contributions if you are 50 or older). Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.