Irs 401k Limits 2024 Employer Match. Your plan requires a match of 50% on salary deferrals that do not exceed 5% of compensation. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.

If you’re age 50 or older, you’re. In 2024, your employees’ 401 (k) contribution limits will increase to $23,000, up from $22,500 in 2023.