401k Maximum Contribution 2024 Employer Matching. Workplace retirement plan contribution limits for 2024. Your plan requires a match of 50% on salary deferrals that do not exceed 5% of compensation.

As of 2024, you can contribute up to $7,000 a year to a traditional or roth ira, or up to $8,000 if you’re 50 or older. Learn how employer matching contributions boost your 401 (k) retirement savings without affecting your annual elective deferral limit of $23,000 in 2024.