401k 2024 Contribution Limit Irs Catch-Up. For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. Up to the annual limit that the irs.
The 401 (k) employee contribution limit for 2024 is $23,000. The elective deferral limit for simple plans is 100% of compensation or $16,000 in 2024, $15,500 in 2023, $14,000 in 2022, and $13,500 in 2020 and 2021.