401k Contribution Limits 2024 Include Employer Matching

401k Contribution Limits 2024 Include Employer Matching. Employer matching contributions if your plan provides for matching contributions, you must follow the plan’s match formula. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.

The total overall 401(k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000. Employer matching contributions if your plan provides for matching contributions, you must follow the plan’s match formula.