Employer 401k Match Limit 2024
Employer 401k Match Limit 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). Employees who are 50 and older qualify to contribute an extra $7,500 a year.
The total maximum annual addition is $69,000 in 2024. For 2024, a 401 (k) participant filing single can contribute up to $23,000 (up from $22,500 in 2023).