401k Max Contribution 2024 Catch Up Limit

401k Max Contribution 2024 Catch Up Limit. The limit on total employer and employee contributions for 2023 was $66,000 ($73,500 with. In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023.

The 401k contribution limits for the year 2025 are expected to see many increases in different plans including elective deferral limit to $24,000, defined contribution plan to $71,000,. 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.