What Is The 401 K Contribution Limit For 2024 Employer Match

What Is The 401 K Contribution Limit For 2024 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. Employer matches don’t count toward this limit and can be quite generous.

Your plan requires a match of 50% on salary deferrals that do not exceed 5% of compensation. 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.