401k Contribution Limits 2024 Employer Match Plan. However, there is a limit that applies to total contributions, meaning the sum of the employee portion and employer match. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500.

Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. This means that, on average, companies will match 4.7% of an employee’s salary toward.