401k Contribution Limit 2024 Employer Match. It mandates that employers offering this new perk can’t limit it to employees paying off student loans related to their own qualified higher education expenses. 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 individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.
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