401k Limits 2024 Employer Match Employer Match. 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). Employer matches are essentially free money, so maxing out your 401(k) match puts more money in your pocket.

In 2024, your employees’ 401(k) contribution limits will increase to $23,000, up from $22,500 in 2023. Refers to contributions your employer makes to your retirement plan account if you contribute to the plan from your salary.

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