2024 Max 401k Contribution Limits Employer Match

2024 Max 401k Contribution Limits Employer Match. In 2024, your employees’ 401 (k) contribution limits will increase to $23,000, up from $22,500 in 2023. The total overall 401 (k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000.

Those 50 and older can contribute an additional $7,500. The overall contribution limit to 401(k) plans, including employer and employee deposits, is 100% of the participant’s compensation or $69,000, whichever is.