Annual 401k Contribution Limit 2024. The contribution limit for employees who participate in 401k, 403b, and most 457 plans, as well as the federal government's thrift savings plan is increased to $23,000, up from $22,500. The limit on total employer and employee contributions for 2024 was $69,000 or 100% of employee compensation, whichever was less.
In this piece, weโll review the 401(k) contribution limits for 2024 and 2025. 401(k) contribution limits in 2024 and 2025.