Maximum 401k Contribution 2024 Employer Match

Maximum 401k Contribution 2024 Employer Match. And the total annual contribution amount (employee plus. The limit for contributions made by employers and employees combined cannot exceed the lesser of 100% of an employee's compensation or $69,000 in 2024, up from $66,000 in 2023.

Employer 401 (k) matching doesn’t apply toward the 401 (k) contribution limit, but there is a higher limit to watch our for. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older).