401k Maximum Contribution 2024 Employer Matching 2024. In 2024, your employees’ 401 (k) contribution limits will increase to $23,000, up from $22,500 in 2023. The roth 401(k) contribution limit for 2024 is $23,000 for employee contributions and $69,000 total for both employee and employer contributions.

Note that employer matching contributions don’t count toward this limit, but there is a limit for employee and employer contributions combined: For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024.