2024 401k Contribution Limits Chart Employer Match. Total contribution limit (employee + employer contributions): The most common 401 (k) matching contribution is an employer contribution of 50 cents for each dollar an employee contributes, up to 6% of the employee’s pay.

The 401(k) contribution limit is $23,000. The internal revenue service sets the maximum amount you and your employer can contribute to your 401 (k), and that number increases in 2024.