401k Contribution Limits 2024 Over 60. The contribution limit for 401 (k)s, 403 (b)s, most 457 plans and the federal government's thrift savings plan is $23,000 for 2024, up from $22,500 in 2023. As announced by the internal revenue service (irs), contribution limits for 401(k) plans have increased in 2024.

See the limits for traditional 401(k)s, roth 401(k)s, employer contributions, and profit sharing. For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.