401k Maximum Contribution 2024 Employer Match . The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. What is the maximum employer contribution to an employee’s account in 2024?
Many employers match a percentage of their workers’ 401 (k) contributions as a valuable employee benefit. For 2024, your employer can only consider up to $345,000 in compensation to calculate any contribution it makes to your 401 (k) plan, whether through 401 (k).
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