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Does the 401k contribution limits include both my contribution AND my employer match or is it just my contribution?

Forum|Forum|3 years ago
February 1, 2023
2 replies
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Not much else to it, just want to make sure I don’t go over.

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Best answer by mglauner

Just your contribution.

Here are the highlights:

Annual employee contribution limit (2022): $20,500
Additional catch-up contributions for those age 50 and older (2022): $6,500
Income limits for contributions: None, but employee contributions can not exceed wages
Matching contributions: Depends on your employer's plan

Here's more detailed info on Retirement Accounts.

M

mglaunerAnswer

Just your contribution.

Here are the highlights:

Annual employee contribution limit (2022): $20,500
Additional catch-up contributions for those age 50 and older (2022): $6,500
Income limits for contributions: None, but employee contributions can not exceed wages
Matching contributions: Depends on your employer's plan

Here's more detailed info on Retirement Accounts.

D

dmertz

Employee

In addition, the overall (section 415(c)) limit on additions to your 401(k) for 2022 is the lesser of your compensation for the year or $61,000. If you are over age 50 in 2022, increase that by the $6,500 catch-up for elective deferrals.