401k Limits 2024 Include Employer Match Plan

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401k Limits 2024 Include Employer Match Plan

401k Limits 2024 Include Employer Match Plan. Note that any employer match doesn't count toward an individual's 401 (k) annual contribution limit ($23,000 in 2024 or $30,500 for those 50 and up). $19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023;.


401k Limits 2024 Include Employer Match Plan

Simple 401(k) plan contributions max out at $16,000 for the 2024 tax year. Put simply, a 401 (k) match program is essentially free money for employees.

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