Irs 401k Match Limit 2024
Irs 401k Match Limit 2024 . The 401 (k) contribution limit for 2023 is $22,500 for employee contributions and $66,000 for combined employee and employer contributions. Employer matching contributions don't count toward the employee's contribution limit but the irs does limit the combined contributions from the employer and the employee.
For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to. Workplace retirement plan contribution limits for 2024.
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Higher IRA and 401(k) Contribution Limits for 2024 Plan to Rise Above® , In addition, employees age 50 and older can contribute up to another $7,500 toward their 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan.