Employee 401k Limit 2024 . 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. The limit on employer and employee contributions is $69,000.
The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from $22,500. In 2024, the irs has increased the standard employee contribution limit for 401(k) plans to $23,000.
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