401k Contribution Limits 2024 Employer Match Contribution. And the total annual contribution amount (employee plus employer contribution) will increase to $69,000 from $66,000 in 2023. Either 100% of your salary or $69,000 ($76,500 if you’re over 50), whichever comes first.
For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500. However, your company can only match you up to 5% of $345,000, the maximum employee compensation limit for 2024.