What Is The 401k Limit For 2024 Uk. Financial planners are urging workers to make the most of an increase to 401 (k) contribution limits set to come into effect from 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.

For 2024, the irs limits the amount of compensation eligible for 401(k) contributions to $345,000. 401 (k) contribution limits should continue their upward climb in 2024, according to a recent projection by mercer.