2024 Max 401k Contribution Employer Match

2024 Max 401k Contribution Employer Match. Refers to contributions your employer makes to your retirement plan account if you contribute to the plan from your salary. Employers match 401 (k) contributions by offering a matching contribution based on a specific percentage of the employee's contributions or their salary up to a.

For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500. 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).