2024 401k Contribution Limits Chart Employer Match

2024 401k Contribution Limits Chart Employer Match. The new contribution limit for 401 (k)s and other workplace retirement plans in 2025 will be $23,500, up from $23,000 currently, the internal revenue service said friday. New updates to the 2023 and 2024 401k contribution limits.

Depending on your employer’s 401(k) benefit, you may have access to what’s known as an ‘employer match’. However, individual retirement account (ira) contributions will continue to be $7,000 in 2025, the same.