401k Contribution Limits 2024 Employer Match Employer Match. The 401(k) contribution limits in 2024 for an employer match have also increased, increasing the total maximum contribution. Employer contributions, including matching contributions, count toward the total contribution limit for 401(k)s, which is the combined limit for both employee and employer.

Let’s say you make $500,000 in 2024 and your company offers a 4% match on your 401(k) contributions. 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).