401k Maximum Contribution 2024 Employer Match Bonus

401k Maximum Contribution 2024 Employer Match Bonus. Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. If your plan provides for matching contributions, you must follow the plan’s match formula.

The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. 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.