What Is The Max 401k Contribution For 2024 With Match

What Is The Max 401k Contribution For 2024 With Match. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. In 2024, your employees’ 401 (k) contribution limits will increase to $23,000, up from $22,500 in 2023.

If your plan provides for matching contributions, you must follow the plan’s match formula. As announced by the internal revenue service (irs), contribution limits for 401(k) plans have increased in 2024.