401k 2024 Max Contribution Limit Employer Match. This is the maximum that you can contribute as an employee. Employers match 401(k) contributions by offering a matching contribution based on a specific percentage of the employee's contributions or their salary up to a specified limit.

Employers match 401(k) contributions by offering a matching contribution based on a specific percentage of the employee’s contributions or their salary up to a specified limit. Your plan requires a match of 50% on salary deferrals that do not exceed 5% of compensation.