2024 Maximum 401k Contribution Employer Match Contribution

2024 Maximum 401k Contribution Employer Match Contribution.  — the limit for employee contributions to a 401 (k) in 2024 is $23,000 for those under 50. Refers to contributions your employer makes to your retirement plan account if you contribute to the plan from your salary.

If your plan provides for matching contributions, you must follow the plan’s match formula. To understand how a solo 401 (k) works, think of contributing both as an employee of your company and as the employer.