Annual 401k Contribution Limit 2024 Over 50. This limit includes all elective employee salary deferrals and any contributions made to a designated roth.  — the basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).

 — the contribution limit for 401 (k)s, 403 (b)s, most 457 plans and the federal government’s thrift savings plan is $23,000 for 2024, up from $22,500 in 2023. The 401 (k) contribution limit is $23,000.