Irs 401k Annual Compensation Limit 2024. See the chart below for further details for the new 2024 limits, as. 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 limit on annual contributions to an ira increased to $7,000 (up from $6,500), and while the ira catch up contribution limit for individuals aged 50 and over. The irc section 401(a)(17) annual compensation limit applicable to retirement plans increased from $330,000 to $345,000 for 2024.