Employee Contribution Limit 401k 2024 Match. Learn about 401(k) match formulas, and the different types of employer contributions to. Employees who are 50 and older qualify to contribute an extra $7,500 a year.
If you contribute, say, $23,000 toward your 401 (k) in 2024 and your employer adds $5,000, you’re still within the irs limits. For 2024, a 401 (k) participant filing single can contribute up to $23,000 (up from $22,500 in 2023).
