Maximum Company Match 401k 2024

Maximum Company Match 401k 2024. Setting the default savings rate equal to the maximum match rate (e.g. Matching contributions are a big, expensive feature of the 401 (k) system.

The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. If you contribute, say, $23,000 toward your 401 (k) in 2024 and your employer adds $5,000, you’re still within the irs limits.