401k Limits 2024 Include Employer Match Contribution . 50 cents on the dollar up to 6% of the employee’s pay. The limit for employee contributions to a 401 (k) in 2024 is $23,000 for those under 50.
These matches are made on a percentage basis, such as 25%, 50% or even 100% of the employee’s contribution amount, up to a limit of total employee compensation. The contribution limit on 401(k) plans in 2024 is $23,000, with workers 50 and older allowed to set aside an additional $7,500 to catch up on retirement planning.
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