401k 2024 Limits Catch Up. All new limits will go into effect. The 401(k) compensation limit is $345,000.

Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov. The 401 (k) employee contribution limit for 2024 is $23,000.