401k Limits 2024 Employer Match Employer Match

401k Limits 2024 Employer Match Employer Match. The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. Employees will be able to sock away more money into their 401 (k)s next year.

Employer matches don’t count toward this limit and can be quite generous. Offering a 401 (k) employer match is optional, and you can add one when starting a plan or provide it later.