2024 401k Contribution. The irs sets a limit on how much can be put into a 401(k) plan every year, also known as an annual contribution limit. In 2024, the contribution limit for 401k plans, including 403 (b) plans, and most 457 plans, will increase to $23,000.

This means that your total 401(k) contribution limit for 2024 is. 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.