2024 Max 401k Contribution Catch Up

2024 Max 401k Contribution Catch Up. For 2024, the limit for 401 (k) plan contributions is $23,000, up from $22,500 last year, according to the irs. You can contribute to more than one 401(k) plan.

Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase from the $22,500 limit in 2023. The 401 (k) compensation limit is $345,000.