401k Maximum Contribution 2024 Employer Match Contribution. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. So if you're under 50 and you contribute the maximum $23,000 to your 401(k) in 2024, your employer is able to contribute a maximum of $46,000 on your behalf.

The maximum contribution to a 401(k) plan is $23,000 in 2024 if you are younger than 50 years old. This is because employers can either make a matching contribution of up to.