2024 401k Employer Contribution Limits 2024

2024 401k Employer Contribution Limits 2024. For 2024, the 401 (k) annual contribution limit is $23,000, up from $22,500 in 2023. If the employee is 50 or older, it's $53,500.

But instead of matching that $23,000 (4% of $500,000 is $20,000),. If you contribute, say, $23,000 toward your 401(k) in 2024 and your employer adds $5,000, you’re still within the irs limits.