401k Catch Up 2024 Limits

401k Catch Up 2024 Limits. The 2024 401 (k) individual contribution limit is $23,000, up from $22,500 in 2023. 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.

Those 50 and older can contribute an additional $7,500. A statutory limit is a legal limitation on the amount of contributions that can be made to a plan.