401k Contribution Limits 2024 Employer Match. And the total annual contribution amount (employee plus. The contribution limits for individual retirement accounts however, there is a limit that applies to total contributions, meaning the sum of the employee portion and employer.
Employees age 50 and older can also direct an additional $7,500. You can contribute to both a 401 (k) and an ira, as long as you keep your contributions to certain limits.