Maximum 401k Contribution 2024 Per Person 2024. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. Maxing out your 401(k) means contributing up to your annual contribution limit for the year.
401 (k) contribution limits for 2024. 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.