Employees can contribute up to $19,500 to their 401(k) plan for 2021 and $20,500 for 2022. Anyone age 50 or over is eligible for an additional catch-up contribution of $6,500 in 2021 and 2022.
Total 401 (k) plan contributions by both an employee and an employer cannot exceed $58,000 in 2021 or $61,000 in 2022. Catch-up …
401(k) Contribution Limits for 2021 vs. 2022 – Investopedia
The most common 401(k) matching contribution is an employer contribution of 50 cents for each dollar an employee contributes, up to 6% of the employee’s pay. This is typically considered a generous matching contribution since the average matching contribution is 4.7% of an employee’s salary.
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