401k Contribution Limits 2024 Company Match

401k Contribution Limits 2024 Company Match. The 2024 401 (k) contribution limit is $23,000, a $500 increase from 2023’s limit. 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).

You can contribute up to $23,000 in 2024, plus an additional $7,000 if you are age 50 or older. However, there is a limit that applies to total contributions, meaning the sum of the employee portion and employer match.