2024 Maximum 401k Contribution Employer Match In India

2024 Maximum 401k Contribution Employer Match In India. 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 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.

Employers must make a matching contribution of a maximum of 3% of a worker’s salary or a nonelective contribution worth 2% of each participating employee’s. If you contribute, say, $23,000 toward your 401 (k) in 2024 and your employer adds $5,000, you’re still within the irs limits.