{"id":2623,"date":"2019-12-27T13:05:34","date_gmt":"2019-12-27T19:05:34","guid":{"rendered":"https:\/\/www.brandonrenfro.com\/?p=2623"},"modified":"2023-12-09T13:05:42","modified_gmt":"2023-12-09T13:05:42","slug":"does-employer-match-count-towards-401k-limit","status":"publish","type":"post","link":"https:\/\/belongingwealth.com\/does-employer-match-count-towards-401k-limit\/","title":{"rendered":"Does Employer Match Count Towards 401k Limit?"},"content":{"rendered":"\n
There are two different annual limits on 401k contributions. The elective deferrals limit, and the annual additions limit. Your employer match counts toward one, but not the other.<\/p>\n\n\n\n
The money that you have withheld from your pay to go into your retirement account is an elective deferral. You might see this called a salary deferral. There is an annual limit on how much you can withhold from your pay to put into your 401k, and your employer’s match does not affect it. The IRS raises the limit periodically. The limits for 2017-2020 are in the chart below:<\/p>\n\n\n\n