Employer 401k Match Limit 2024. In 2024, your employees’ 401 (k) contribution limits will increase to $23,000, up from $22,500 in 2023. This means that, on average, companies will match 4.7% of an employee’s salary toward their retirement.

Employer matches don’t count toward this limit and can be quite generous. For 2024, the 401(k) limit for employee salary deferrals is $23,000, which is above the 2023 401(k) limit of $22,500.