Fidelity Total 2024 401k Contribution. 2024 contribution limits opens in a new window the irs increased the yearly retirement plan contribution limit to $23,000 for 2024. The total overall 401 (k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000.
The irs sets a limit on how much can be put into a 401(k) plan every year, also known as an annual contribution limit. 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.
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