401k Contribution Limit For 2024 Employer Match. For 2024, your employer can only consider up to $345,000 in compensation to calculate any contribution it makes to your 401(k) plan, whether through 401(k). The total overall 401(k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000.
This means that, on average, companies will match 4.7% of an employeeโs salary toward their retirement. If you’re age 50 or.