401k Contribution Limit Increase 2024

401k Contribution Limit Increase 2024. 401k 2024 contribution limit chart, so, older workers can put a maximum of $30,500 into a 401(k), 403(b), and most 457 plans. That means a new 401(k) contribution limit of $23,000 for 2024, which should still be plenty beneficial for you.


401k Contribution Limit Increase 2024

In 2024, the irs has increased the standard employee contribution limit for 401(k) plans to $23,000. This is a $500 increase compared to the 2023 limit, so plan participants can save even more for their retirement.

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