2024 401k Contribution Max Employer Match. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. Note that any employer match doesn't count toward an individual's 401 (k) annual contribution limit ($23,000 in 2024 or $30,500 for those 50 and up).

Deferred compensation limits for workers ages 50 and older. In 2024, your employees’ 401 (k) contribution limits will increase to $23,000, up from $22,500 in 2023.