401k Contribution Limits 2024 Employer Match Plan . The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. Note that employer matching contributions don’t count toward this limit,.
Employers can make matching and nonmatching contributions to a 401 (k) plan on behalf of employees, even if the worker has already maxed out the account. You can contribute up to $23,000 in 2024, plus an additional $7,000 if you are age 50 or older.
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