What Is The 401k Limit For 2024 With Match. Your plan requires a match of 50% on salary deferrals that do. For example, if you're paid $500,000, and your employer also offers a 5% match on your 401(k) salary deferrals, you can contribute $23,000 in 2024.

For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. For 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000.