401k Limits 2024 Include Employer Match

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.


401k Limits 2024 Include Employer Match

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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