Max 401k Contribution 2024 Employer Match

Max 401k Contribution 2024 Employer Match. Employer matching contributions do not count toward the $23,000 401(k) contribution limit in 2024. Typically, a 401 (k) plan may offer an employer match of 50 cents on the dollar, up to 6 percent of a worker’s salary, which would be the equivalent of 3 percent of compensation.

The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. The maximum amount that an employee under the.