401k Contribution Limits 2024 Employer Match Over 50. Find out the eligibility criteria, limits, and tax implications of this. For 2025, the annual employee contribution limit for 401(k) plans is set to increase from $23,000 in 2024 to a record high of $23,500.

The regular contribution limit to their simple plans is $17,600 in 2024 and 2025. Typically, a 401 (k) plan may offer an employer match of 50 cents on the dollar, up to 6 percent of a worker’s salary, which would be the equivalent of 3 percent of compensation.

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