401k Limits 2024 Include Employer Match Bonus. The irs limits the amount of income on which an employer can offer a matching contribution. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.
In addition to your own contribution via salary deferral, your employer might offer matching contributions to your 401 (k) account. Employer matching contributions are a 100% match on the first 3% of compensation plus a 50% match on deferrals between 3% and 5% (4% of total.