401k 2024 Contribution Limit Irs . The limits differ depending on the type of plan. The contribution limit for 401 (k), 403 (b), thrift savings plans and most 457 plans will be $23,000 in 2024, rising from $22,500 in 2023.
The total contribution amount allowed for all 401(k) accounts held by the same employee (regardless of current employment status) is $69,000 in 2024 or 100% of compensation, whichever is less. The limit on total employer and employee contributions for 2023 was $66,000 ($73,500 with.
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401k Contribution Limits And Limits (Annual Guide) , The total contribution amount allowed for all 401(k) accounts held by the same employee (regardless of current employment status) is $69,000 in 2024 or 100% of compensation, whichever is less.