Maximum Company Match 401k 2024. Employers can make matching and nonmatching contributions to a 401 (k) plan on behalf of employees, even if the worker has already maxed out the account. In 2024, the 401(k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023.

Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs. However, your company can only match you up to 5% of $345,000, the maximum employee compensation limit for 2024.