Employer Maximum 401k Contribution 2024

Employer Maximum 401k Contribution 2024. If you contribute, say, $23,000 toward your 401 (k) in 2024 and your employer adds $5,000, you’re still within the irs limits. The 401 (k) contribution limit is $23,000.

However, there is a limit that applies to total contributions, meaning the sum of the employee portion and employer match. For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024.