Compensation Limit 401k 2024. That's an increase from the 2024 limit of $345,000. The contribution limit for employees who participate in 401k, 403b, and most 457 plans, as well as the federal government's thrift savings plan is increased to $23,000, up from $22,500.
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. 401(k) contribution limits in 2024 and 2025.
