2024 415c Contribution Limit. Married filing jointly or qualifying widow(er) $123,000 or. The total employee contribution limit to all 401(k) and 403(b) plans for those under 50 will be going up from $22,500 in 2023 to $23,000 in 2024 (compare that to the $2,000 it increased from 2022 to 2023).

This snapshot discusses how to adjust the irc section 415(c) defined contribution dollar limitation for a short limitation year, resulting from, for example, an initial, amended or terminating plan year. This is the overall limit on total contributions (employee and employer) to a participant’s account, which is the lesser of 100% of the participant’s compensation or $69,000 (as of 2024).