401k Contribution Limits 2024 Company Match Bonus

401k Contribution Limits 2024 Company Match Bonus. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500. If you increase your contribution percentage to 20%, you will max out your annual contribution before the end of the year, and you'll miss out on $115 of employer match;

Those limits reflect an increase of $500. For 2024, a 401 (k) participant filing single can contribute up to $23,000 (up from $22,500 in 2023).