401k Contribution Limits 2024 Employer Match Benefit. For example, if you're paid $500,000, and your employer also offers a 5% match on your 401(k) salary deferrals, you can contribute $23,000 in 2024.  — the 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.

Note that employer matching contributions don’t count toward this limit, but there. The limit on employer and employee contributions is $69,000.