2024 401k Contribution Limit Employer Match. 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). The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.
The total overall 401 (k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000. These limits impact the amount.