2024 401k Catch Up Contribution Limits 2024 Employer Match
2024 401k Catch Up Contribution Limits 2024 Employer Match. An employer with 26 to 100 employees is permitted to provide these higher deferral limits if the employer provides either a (1) 4% matching contribution or (2) 3%. 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.
Here’s how the 401 (k) plan limits will change in 2024: Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.
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