401k Contribution Limit 2024 Employer Match

401k Contribution Limit 2024 Employer Match. Older workers can defer paying income tax on as much as $30,000 in a 401 (k) plan in 2023. Although mary earned $360,000, your plan can only use up to $280,000 of her compensation when applying the matching.


401k Contribution Limit 2024 Employer Match

The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. The 2024 contribution limit for 401 (k) plans is $23,000, up from $22,500 in 2023.

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