Individual 401 K Contribution Limits 2024 Employer Match

Individual 401 K Contribution Limits 2024 Employer Match. The irs limits how much employees and employers can contribute to a 401(k) each year. The 401 (k) individual contribution limit in 2024 is $23,000 ($30,500 in individual contributions if you are 50 or older).

The 401(k) contribution limit for 2024 is $23,000, or $30,500 if you’re at least 50. Note that any employer match doesn’t count toward an individual’s 401(k) annual contribution limit ($23,000 in 2024 or $30,500 for those 50 and up).