401k Contribution Limits 2024 Employer Match Benefit. The limit on employer and employee contributions is $69,000. However, there is a limit that applies to total contributions, meaning the sum of the.

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. For 2024, your employer can only consider up to $345,000 in compensation to calculate any contribution it makes to your 401(k) plan, whether through 401(k).