2024 401k Limits Contribution Over 50. The 401(k) compensation limit is $345,000. The overall 401 (k) limits.

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. Those 50 and older can contribute an additional $7,500.