401k Matching Contribution Limits 2024

401k Matching Contribution Limits 2024. Although mary earned $360,000, your plan can only use up to $280,000 of her compensation when applying the matching. A key difference between an ira and a 401 (k) account is this:

$23,000 or $30,500 if you’re over 50, for 2024. In 2024, your employees’ 401(k) contribution limits will increase to $23,000, up from $22,500 in 2023.