Total 401 K Contribution Limit 2024.  — workers who contribute to a 401(k), 403(b), most 457 plans and the federal government's thrift savings plan can contribute up to $23,000 in 2024, a $500 increase from the $22,500 limit in.  — the 2024 contribution limit for 401 (k) plans is $23,000, up from $22,500 in 2023.

The 401(k) compensation limit is $345,000. 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.