401k Contribution Limits 2024 Include Employer Matcha. However, there is a limit that applies to total contributions, meaning the sum of the. The total overall 401(k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000.
Matching 401 (k) contributions are the additional contributions made by employers, on top of the contributions made by employees. In 2024, a 401(k) plan can elect to stop salary deferrals once a participant’s compensation reaches $345,000 and can use only up to this amount.