401k Max Contribution 2024 Employer Match . 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. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.
Let’s say you make $500,000 in 2024 and your company offers a 4% match on your 401(k) contributions. If your plan provides for matching contributions, you must follow the plan’s match formula.
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