Maximum Company Match 401k 2024

Maximum Company Match 401k 2024. Employers can only use the first $345,000 of compensation to determine your 401 (k). If your plan provides for matching contributions, you must follow the plan’s match formula.


Maximum Company Match 401k 2024

The 401 (k) contribution limit is $23,000. 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.

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