Irs 401k Annual Compensation Limit 2024. The maximum an employee can contribute to 401 (k), 457, and 403 (b) plans. 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.

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. The 2023 401(k) contribution limit for employees was $22,500.