Limit For 401k Contribution 2024. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. Workplace retirement plan contribution limits for 2024.

For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. Changes in inflation affect the limits, which have risen gradually.