Max 401k Contribution For 2024 Employer Match. Let’s say you make $500,000 in 2024 and your company offers a 4% match on your 401(k) contributions. Find out the irs limit on how much you and your employer can contribute to your 401(k) retirement savings account in 2023 and 2024.
Employer matching contributions do not count toward the $23,000 401(k) contribution limit in 2024. Each year, the irs places limits on the maximum amount participants can contribute to their 401 (k) plans.