401k Contribution Limits 2024 Including Match. Although mary earned $360,000, your plan can only use up to $280,000 of her compensation when applying the matching. These 2024 401k contribution limits provide an opportunity for individuals to save more towards their retirement.

The 401(k) contribution limits can be broken down into two types: The 401 (k) contribution limit for 2023 is $22,500 for employee contributions and $66,000 for combined employee and employer contributions.