2024 401k Contribution Limit Employer Match. For 2024 you may contribute up to $23,000 to your employer's 401 (k) plan. If your plan provides for matching contributions, you must follow the plan’s match formula.

For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.