401 K Plan Contribution Limits 2024 Lexus. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000.
Here’s how the 401(k) plan limits will change in 2024: In this article, weโll look at how to invest money for retirement and the 401(k) contribution limits for 2023 and 2024.