401k Matching Contribution Limits 2024. In 2024, your employees’ 401 (k) contribution limits will increase to $23,000, up from $22,500 in 2023. The irs limits the amount of income on which an employer can offer a matching contribution.
Employer 401 (k) matching doesn’t apply toward the 401 (k) contribution limit, but there is a higher limit to watch our for. The 401(k) contribution limit for 2024 is $23,000, or $30,500 if you’re at least 50.