What Is The 401 K Contribution Limit For 2024 Employer Match. If you and your employer are both contributing to your 401 (k), the total contributions to the account can't exceed $69,000 in 2024. For 2024, the 401(k) limit for employee salary deferrals is $23,000, which is above the 2023 401(k) limit of $22,500.
Those 50 and older can contribute an additional $7,500. Employer 401(k) matching doesn’t apply toward the 401(k) contribution limit, but there is a higher limit to watch our for.