Does my employer match count towards my 401k limit

The short and simple answer is no. Matching contributions made by employers do not count toward your maximum contribution limit. But the IRS does place a limit on the total contribution to a 401…

Many people wonder if employer matching counts towards their 401 (k) limit, and the answer is yes and no. The 401 (k) limit applies to the employee’s sole contributions, but there is also a limit on the combined employee and employer contributions.

Does Employer Match Count Toward the 401(k) Limit?

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In 2022, your limit for annual 401(k) contributions is $20,500 – an increase of $1,000 from the 2021 level. However, any employer matching does …

Thats why people often call matches free money. Importantly, employer contributions do not count towards your individual 401 contribution limits, but there is a separate limit for the combined total of both your individual contributions and employer contributions. Heres a summary of the two limits: Individual contribution limit $64,500

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Do employer contributions into my 401k reduce my employee contribution limit? | 401k match Video Answer

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