Compensation Limit 401k 2024. The 401k/403b/457/tsp contribution limit is $23,000 in 2024. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs.
For 2024, the irs limits the amount of compensation eligible for 401 (k) contributions to $345,000. This limit includes all elective employee salary deferrals and any contributions.