401k Contribution Limits 2024 Employer Matching

401k Contribution Limits 2024 Employer Matching. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). Use our calculator to estimate your future balance.


401k Contribution Limits 2024 Employer Matching

Employees 50 and older can contribute an additional $7,500 in both 2023 and 2024. Although mary earned $360,000, your plan can only use up to $280,000 of her compensation when applying the matching.

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