401k Limits 2024 Include Employer Matchment. How does a 401 (k) employer match work? What is a 401 (k) employer match?

 — contribution maximums will increase from $22,500 to $23,000 for 401 (k), 403 (b) and most 457 plans, as well as the federal government’s thrift savings plan, the irs. That’s because it’s limited by the $345,000 compensation limit for 2024.

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What 401(k) Employer Match Is and How It Works in 2024, If you have a 401 (k) or other retirement plan at work, your employer may add money on your behalf, commonly with matching contributions.

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