401k Contribution Limits 2024 Catch Up Total. The irs code limits the total amount that an employee can direct into 401(k), 403(b) or 457 defined contribution plans each year. This brings the total allowed contributions for older savers to $5,300 for individual coverage and.

The 401k contribution limits for the year 2025 are expected to see many increases in different plans including elective deferral limit to $24,000, defined contribution plan to $71,000,. The annual employee contribution limit for 401(k) retirement plans is increasing from $22,500 to $23,000 in 2024.