Limit On 401k Contributions 2024 Employer Match

Limit On 401k Contributions 2024 Employer Match. Does the 401k contribution limit include an employer match? The 401(k) contribution limit for 2024 is $23,000, or $30,500 if you’re at least 50.

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). If you contribute, say, $23,000 toward your 401 (k) in 2024 and your employer adds $5,000, you’re still within the irs limits.