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.
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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401k 2024 Contribution Limit Chart , For the year 2023, the limit was $22,500, and it is anticipated that this limit may increase to $23,000 or more for 2024 due to inflation adjustments.
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