401k Limits 2024 Include Employer Match . The irs establishes a yearly maximum 401(k) contribution amount for employees. Put simply, a 401 (k) match program is essentially free money for employees.
The total overall 401(k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000. The limit on total employer and employee contributions for 2024 was $69,000 or 100% of employee compensation, whichever was less.
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