What Is The 401k Contribution Limit For 2024 Employer Match

What Is The 401k Contribution Limit For 2024 Employer Match. The employer match does not count against this limit; This means that, on average, companies will match 4.7% of an employee’s salary toward their retirement.

The employer match does not count against this limit; The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older).