401k Contributions Limits 2024. The 2024 contribution limit for 401 (k) plans is $23,000, up from $22,500 in 2023. That limit also applies to 457, 403 (b) and the federal.
The annual elective deferral limit for 401 (k) plan employee contributions is increased to $23,000 in 2024. If you’re 50 or older, the limit is $8,000.
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