401k Contribution Limit 2024 Employer Match . The new contribution limit for 401(k)s and other workplace retirement plans in 2025 will be $23,500, up from $23,000 currently, the internal revenue service said friday. Workers who contribute to a 401(k), 403(b), most 457 plans and the federal government's thrift savings plan can contribute up to $23,000 in 2024, a $500 increase from.
Just a few years ago, in 2020, the standard contribution limit was $19,500. The limit on combined employee and employer contributions is $70,000, up from $69,000 in 2024.
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