401k Contribution Limits 2024 Employer Match Bonus

401k Contribution Limits 2024 Employer Match Bonus. For 2024, that's $23,000, up. 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).

Some employers offer a 401(k) employer matching plan, which means they match the amount of pay an employee. 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.