401k Max Contribution 2024 Employer Match Contribution. Based on these limits, $345,000 is the maximum annual salary you can use to calculate an employer match in 2024. This means that your total 401(k) contribution limit for 2024 is $30,500.

If your plan provides for matching contributions, you must follow the plan’s match formula. Let’s say you make $500,000 in 2024 and your company offers a 4% match on your 401(k) contributions.