2024 401k Limits Catch Up Over 50

2024 401k Limits Catch Up Over 50. The 401(k) compensation limit is $345,000. The 401(k) contribution limit for 2024 is $23,000.

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. This dollar amount is the same as in 2023.