Maximum 401k Employer Match 2024. In 2024, your employees’ 401 (k) contribution limits will increase to $23,000, up from $22,500 in 2023. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.

Be sure to take advantage. Note that any employer match doesn’t count toward an individual’s 401 (k) annual contribution limit ($23,000 in 2024 or $30,500 for those 50 and up).