Individual 401k Contribution Limits 2024. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,500 in 2025. Contribution limits for 401(k), 403(b), and most 457 plans, as well as the federal government's thrift savings plan will also increase by $500 for 2024.

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 announced nov. For 2025, the 401(k) limit for employee salary deferrals is $23,500, which is above the 2024 401(k) limit of $23,000.