401k Contribution Limits 2024 Employer Match Bonus. Employer matches don’t count toward this limit and can be quite generous. 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.

For 2024, that’s $23,000, up. Employer matching contributions are a 100% match on the first 3% of compensation plus a 50% match on deferrals between 3% and 5% (4% of total.