401 K Plan Contribution Limits 2024 Employer Match. And the total annual contribution amount (employee plus employer. Your contributions also can’t exceed 100% of your total salary.
Your employer would match that figure with its 100 percent match resulting in a contribution of $2,500 for a grand total of $5,000 for the year invested into your 401(k) plan. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.