Employee Employer Combined 401k Limits 2024. For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. Employer contributions, including matching contributions, count toward the total contribution limit for 401(k)s, which is the combined limit for both employee and employer contributions.
Here’s how the 401(k) plan limits will change in 2024: The limit for combined contributions made by employers and employees cannot exceed the lesser of 100% of an employee’s compensation or $69,000 in 2024, up from $66,000 in.
