Employer Max Contribution 401k 2024

Employer Max Contribution 401k 2024. Employees can contribute up to $23,000 to their 401 (k) plan for 2024 vs. If you contribute more than the limit, you may be subject to double taxation on the extra amount.


Employer Max Contribution 401k 2024

Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โ€™s $22,500 to $23,000 for 2024. Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.

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