Maximum 401k Contribution 2024 Employer

Maximum 401k Contribution 2024 Employer. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. The ira catch‑up contribution limit for individuals aged 50 and older remains at $7,500 for 2024.


Maximum 401k Contribution 2024 Employer

Many employers match a percentage of their workers’ 401 (k) contributions as a valuable employee benefit. Those 50 and older can contribute an additional $7,500.

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