2024 415 Contribution Limit

2024 415 Contribution Limit. The internal revenue code (“code”) section 415 annual addition limit is increased to $69,000 for 401 (k) and other defined contribution plans, and the annual. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.

1, 2024, the limitation on the annual benefit under a defined benefit plan under section 415 (b) (1) (a) of the code is increased from $265,000 to. Defined contribution plan 415 dollar limit the lesser of the dollar limitation for annual additions under defined contribution plans under irc section 415(c)(1)(a) or.