2024 401k Contribution Limit Employer Match

2024 401k Contribution Limit Employer Match. Note that any employer match doesn't count toward an individual's 401 (k) annual contribution limit ($23,000 in 2024 or $30,500 for those 50 and up). This amount is up modestly.

For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. Consider a defined benefit plan if you want to contribute more than the 2023 individual 401k contribution limit of $66,000.