Annual 401k Contribution Limit 2024 Employer Match

Annual 401k Contribution Limit 2024 Employer Match. The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024. The limit for employee contributions to a 401 (k) in 2024 is $23,000 for those under 50.

The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older). The total overall 401 (k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000.