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).
The Limit On Employer And Employee Contributions Is $69,000.
2024 401(k) and 403(b) employee contribution limit.
Employees Who Are 50 And Older Qualify To Contribute An Extra $7,500 A Year.
Employer matches don’t count toward this limit and can be quite generous.
Employer 401k Match Limit 2024 Images References :
The Limit On Employer And Employee Contributions Is $69,000.
That limit is $345,000 in 2024, up from $330,000 in 2023.
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).