401k Contribution Limits 2024 Catch Up Total Contribution. The 401k contribution limits for the year 2025 are expected to see many increases in different plans including elective deferral limit to $24,000, defined. You can contribute to more than one 401 (k) plan.

Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.