Yes, in a calendar year, an employee’s 401(k) contributions cannot exceed $18,000 (in 2016 and 2017); employees who are 50 or older in the calendar year can contribute an additional $6,000 per year (“catch-up contribution”). While there is not specifically a limit on each type of employer contribution, the combined contributions cannot exceed the lesser of $54,000 or 100% of compensation per participant in 2017. Employer contributions are also generally limited to 25% of eligible compensation for deductibility (this is not an individual limit). You should always consult the latest IRS Guidelines that are outlined here.
