Maximum 401k Employer Match 2024

Maximum 401k Employer Match 2024. The 401(k) contribution limit for employees in 2024 is $23,000. Typically, a 401 (k) plan may offer an employer match of 50 cents on the dollar, up to 6 percent of a worker’s salary, which would be the equivalent of 3 percent of compensation.

In 2024, your employees’ 401 (k) contribution limits will increase to $23,000, up from $22,500 in 2023. In some cases, employers may be required to take action to amend their plans by.