401k Max Contribution 2024 Employer Match Employer Match. Note that any employer match doesn't count toward an individual's 401(k) annual contribution limit ($23,000 in 2024 or $30,500 for those 50 and up). If an employer offers a 6% 401(k) match, it means the employer will match an employee’s 401(k) contribution of up to 6% of the employee’s annual compensation.

401(k) employer matching involves companies also contributing to their employees’ accounts. If your company matches a certain percentage of your contributions, set your contribution level to.