401k Annual Limit 2024 Employer Match

401k Annual Limit 2024 Employer Match. A distribution is the technical term for when money is withdrawn from a retirement account. The 401(k) employer match rules limit when and why you can take a distribution from your 401(k).

Your plan requires a match of 50% on salary deferrals that do not exceed 5% of compensation. Many employers match a percentage of their workers’ 401 (k) contributions as a valuable employee benefit.