401k Limits 2024 Include Employer Match Contribution. Microsoft, google, and meta (facebook) all offer a very generous 50 percent employer match which can really add up if you are maxing out contributions year after year. When your employer matches your 401(k) contributions, the match doesn’t count toward your own limits.

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). The roth 401(k) contribution limit for 2024 is $23,000 for employee contributions and $69,000 total for both employee and employer contributions.