401k Maximum Contribution 2024 Employer Match Bonus

401k Maximum Contribution 2024 Employer Match Bonus. Employees who are 50 and older qualify to contribute an extra $7,500 a year. For 2024, the 401(k) employee salary deferral limit has been raised to $23,000.

In 2024, the maximum you can invest in your 401 (k) is $23,000, and this doesn’t include any employer matching contributions. The total overall 401(k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000.