Lucie Robenia

401k Contribution Limits 2024 Catch Up Total Contribution Limit. The normal contribution limit for elective deferrals to a 457 deferred compensation plan is increased to $23,000 in 2024. The 401 (k) contribution limit is $23,000.

In 2024, employers and employees together can contribute up to $69,000, up from a limit of. This ensures that the limits remain meaningful as the cost of living.