401k Max Contribution 2024 Employer Match Employer Match

401k Max Contribution 2024 Employer Match Employer Match. Typically, a 401 (k) plan may offer an employer match of 50 cents on the dollar, up to 6 percent of a worker’s salary, which would be the equivalent of 3 percent of compensation. Employer matching contributions are a 100% match on the first 3% of compensation plus a 50% match on deferrals between 3% and 5% (4% of total.

Adults under 50 can currently contribute up to $23,000, while. Total contribution limits (including employer contributions) the limit on total employer and employee contributions for 2024 is $69,000.