2024 Catch Up Contribution 401k Calculator. The limit on employer and employee contributions is $69,000. The employer's contribution is typically capped at 6% of the employee's wages, and fidelity reports last year's average employer contribution was only 4.8% of a.

The irs sets a limit on how much can be put into this plan every year, also known as an annual 401(k) contribution limit. You may find that your employer matches or makes part of your contributions, as many do.