401 K Limits 2024 Employer Contribution. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit. The plan must specifically state that contributions or benefits cannot exceed.

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. Employer matches don’t count toward this limit and can be quite generous.