New 401 K Contribution Limits 2024 Employer. For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. 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 401(k) contribution limit is $23,000. This amount is an increase of $500 from the 2023.