401k Limits 2024 Include Employer Match Contribution. Refers to contributions your employer makes to your retirement plan account if you contribute to the plan from your salary. Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov.


401k Limits 2024 Include Employer Match Contribution

Employer matches donโ€™t count toward this limit and can be quite generous. Your plan requires a match of 50% on salary deferrals that do not exceed 5% of compensation.

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