Marie – Thanks for the great question and catch. The maximum annual limit does include the employer match, but not the catch-up contribution. So in 2012, the $50,000 limit is made up of an employee (your) maximum of $17,000 vs $33,000 employer limit.The catch up contribution for those over 50 is $5500.econdly there are four annual contribution limits you need to be aware of: Your employee contribution (elective deferral or 402g) limit, catch-up contribution limits (for those over 50), employer contribution (415) limits and maximum annual contribution limits.