The IRA match is an extra 1% match on net contributions made to a Roth or a Traditional IRA between your enrollment date in the offer (the date when you accept the offer by clicking on an email or in-app message) and 12/30/24 up to a maximum contribution amount of $8,000, unless you have an IRS contribution limit that is lower.
The match isn’t counted toward your annual contribution limits.
The IRA contribution limits set by the IRS for 2024 are:
- $7,000 if you are under age 50, which means you can receive up to $70 through the IRA match
- $8,000 if you are age 50 or over, which means you can receive up to $80 through the IRA match
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