401k Max Contribution 2024 Calculator Employer Match. Many employers match contributions to your account up to a maximum amount. An employer match is in addition to your annual contributions.
The limit for combined contributions made by employers and employees cannot exceed the lesser of 100% of an employee’s compensation or $69,000 in 2024, up from $66,000 in 2023. The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.