Current 401k Contribution Limits 2024 Employer Match. The limit for employee contributions to a 401 (k) in 2024 is $23,000 for those under 50. The 401 (k) compensation limit is $345,000.

Employer 401 (k) matching doesn’t apply toward the 401 (k) contribution limit, but there is a higher limit to watch our for. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.