401k Max Contribution 2024 Employer Match Rate. The internal revenue service sets the maximum amount you and your employer can contribute to your 401 (k), and that number increases in 2024. The limit for combined contributions made by employers and employees cannot exceed the lesser of 100% of an.
The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. The 401 (k) contribution limit is the maximum amount an individual can contribute to their 401 (k) retirement account in a calendar year without facing tax.