401k Max Contribution 2024 Employer Match Bonus . For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. There are separate limits for how much you can contribute as an employee and how much you and your employer can contribute.
The 401(k) contribution limit is $23,000. The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.
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What 401(k) Employer Match Is and How It Works in 2024 , Your employer would match that figure with its 100 percent match resulting in a contribution of $2,500 for a grand total of $5,000 for the year invested into your 401(k) plan.
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Max 401k Contribution 2024 Employer Match Toni Timothea , Though it’s uncommon, that means employers can actually contribute more to an employee’s 401 (k) than the employee.