401k Max 2024 California. In 2024, the combined limit both you and your employer can contribute to your plan cannot exceed $69,000 or 100% of employee compensation, whichever is less. 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.
Calsavers is california’s new retirement savings program designed to give californians an easy way to save for retirement. Those 50 and older can contribute an additional $7,500.