Irs 401k Limits 2024 Employer Match. Contributions to 401 (k)s can be automatically deducted from your paycheck. The limit for combined contributions made by employers and employees cannot exceed the lesser of 100% of an employee's compensation or $69,000 in 2024, up from $66,000 in 2023.

The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000.