2024 Maximum 401k Contribution Employer Matching. For the tax year 2024, the maximum amount that an employee can contribute to their 401 (k) retirement plan is $23,000. And the total annual contribution amount (employee plus.
If the plan document permits, the employer can make matching contributions for an employee who contributes elective. The contribution limit on 401 (k) plans in 2024 is $23,000, with workers 50 and older allowed to set aside an additional $7,500 to catch up on retirement planning.
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