Fidelity 401k Contribution Limits 2024. The 401(k) contribution limit is $23,000. The elective deferral (contribution) limit for employees who participate in a 401 (k) plan is $22,500 in 2023 ($23,000 in 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. The 401(k) contribution limit for 2024 is $23,000.