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2024 Retirement Plan Contribution Limits

2024 Retirement Plan Contribution Limits

January 22, 2024

The new Retirement Plan Contribution Limits are official!

The following limits are going up for 2024:

  • Maximum contributions for 401(k), 403(b) and 457 increases to $23,000
  • The annual additions limit for defined contribution plans increases to $69,000
  • The annual compensation limit increases to $345,000
  • The Social Security Wage Base increases to $168,200

Please review the full list of contribution limit changes in our helpful infographic below.

2024 Retirement Plan Contribution Limits


If you have any questions regarding this upcoming year's contribution limits or any other related topic, please feel free to schedule a time for a quick chat via the calendar below: