Retirement Account Contribution Limits 2024 Olympics. Before deciding what to contribute this year, talk to a financial advisor. The contribution limit for employees who participate in 401 (k), 403 (b), most 457 plans, and the federal government’s thrift savings plan increases to $23,000, up from.
The contribution limit for employees who participate in a 457 (b) plan, 403 (b) plan, or the federal government’s thrift savings plan is $23,000 in 2024 (up from $22,500 in 2023). Effective january 1, 2024, employers are permitted to make additional contributions to each participant in a simple plan in a uniform manner, provided that the.