401k Limits 2024 Include Employer Match. Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. In addition to your own contribution via salary deferral, your employer might offer matching contributions to your 401(k) account.
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). If you have a 401 (k) or other retirement plan at work, your employer may add money on your behalf, commonly with matching contributions.
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