2024 401k Contribution Limit. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits. So, if you contribute $15,000 to plan a, you can only contribute $8,000 to plan b.
For 2024, the 401(k) annual contribution limit is $23,000, up from $22,500 in 2023. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.
