401 K Contribution Limits 2024 Catch Up . On nov., 1, 2023, the irs boosted annual contribution limits for 2024 for 401 (k), 403 (b), and most 457 plans. The limit on employer and employee contributions is $69,000.
The 401 (k) employee contribution limit for 2024 is $23,000. In 2022, for people under 50 years old, this limit is $20,500,.
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