Fina Orelle

Maximum Company Match 401k 2024. Matching contributions are a big, expensive feature of the 401 (k) system. However, there is a limit that applies to total contributions, meaning the sum of the employee portion and employer match.

Vanguard notes federal government data showing that employers contributed $212 billion to defined. 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.