Max 401k Contribution 2024 Employer Match

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Max 401k Contribution 2024 Employer Match. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. (for 2023, those numbers are $22,500 and $30,000,.


Max 401k Contribution 2024 Employer Match

Let’s say you make $500,000 in 2024 and your company offers a 4% match on your 401 (k) contributions. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older).

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