401k Limit 2024 Catch Update. The limit for overall contributions—including the employer match—is 100% of your compensation or. The 401 (k) contribution limit is $23,000.
The contribution limit for employees who participate in 401 (k), 403 (b), and most 457 plans, as well as the federal government’s thrift savings plan, however, will increase for 2024 to $23,000. The total maximum allowable contribution to a defined contribution plan (including both employee and employer contributions) is expected to rise by $2,000.