401k Maximum Contribution 2024 Employer Match Contribution

401k Maximum Contribution 2024 Employer Match Contribution. 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. So if you're under 50 and you contribute the maximum $23,000 to your 401(k) in 2024, your employer is able to contribute a maximum of $46,000 on your behalf.

However, there is a limit that applies to total contributions, meaning the sum of the. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.