Kenna Jermaine

401k Contribution Limits 2024 Including Matching Contributions. For 2023, the overall annual contribution limit (including both individual and employer contributions) was $66,000; Employer contributions to a simple 401k or simple ira plan aren’t included in these limits.

How do we calculate the employee’s matching contribution? The 2024 employee contribution limit is $23,000, up from 22,500 in 2023.