Fred Delcina

401k Maximum Contribution 2024 Employer Matching. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.

Employers match 401(k) contributions by offering a matching contribution based on a specific percentage of the employee’s contributions or. If the employee is 50 or older, it’s $53,500.