401k 2024 Limits Increase. Maxing out your 401 (k) is no easy task. According to the report, mercer envisions the irs increasing contribution limits by $500 in 2024 for not only 401 (k)s, but also 403 (b) and eligible 457 plans.
The elective deferral limit (the maximum amount an individual can contribute from their salary) is projected to increase by $1,000 from the 2024 limit. In 2024, employers and employees together can.