401k Contribution Limits 2024 Employer Match Benefit. Employee and employer match 401(k) contribution limits for 2024. Put simply, a 401 (k).

If you have a 401 (k) or other retirement plan at work, your employer may add money on your behalf, commonly with matching contributions. If you contribute, say, $23,000 toward your 401 (k) in 2024 and your employer adds $5,000, you’re still within the irs limits.