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Maximum 401k Employer Match 2024

Maximum 401k Employer Match 2024. Note that any employer match doesn't count toward an individual's 401 (k) annual contribution limit ($23,000 in 2024 or $30,500 for those 50 and up). The irs has announced the new contribution limits for a 401


Maximum 401k Employer Match 2024

The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older). Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.

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