Irs 401k Limits 2024 Include Employer Match. Does my employer match count toward 401(k) limits? Many retirement plans, such as simple iras and 401(k)s, provide that your employer will match some portion of the amount you contribute to your retirement.
The total of all employee and employer contributions per employer will increase from $66,000 in 2023 to $69,000 in 2024 for those under 50. The limit for combined contributions made by employers and employees cannot exceed the lesser of 100% of an employee’s compensation or $69,000 in 2024,.