Annual Compensation Limit 401k 2024. The 401(a)(17) annual compensation limit applicable to retirement plans increased from $330,000 to $345,000. 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 limit on total employer and employee contributions for 2023 was. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.