401 K Limits 2024 Employer Match. For 2024 you may contribute up to $23,000 to your employer's 401 (k) plan. Deferred compensation limits for workers ages 50 and older.
For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500. Your plan requires a match of 50% on salary.