August 29, 2024

Nari Tamiko

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Employer 401k Match Limit 2024

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Employer 401k Match Limit 2024. The 2023annual limit for an employer’s 401 (k) match plus elective deferrals is 100% of your annual compensation or $66,000, whichever is less. The contribution limit on 401 (k) plans in 2024 is $23,000, with workers 50 and older allowed to set aside an additional $7,500 to catch up on retirement planning.


Employer 401k Match Limit 2024

In 2024 that total rises to $69,000 or 100%. Here’s how the 401 (k) plan limits will change in 2024:

Employer 401k Match Limit 2024 Images References :

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