415c 2024 Contribution Limit Irs

415c 2024 Contribution Limit Irs. The total amount that may be contributed to a defined contribution retirement plan on behalf of a participant is limited under irc section 415 (c) to the. The dollar limitations for retirement plans and certain other dollar limitations.

A plan must comply with the irc sec. The total contribution limit for both employee and employer contributions to 401(k) defined contribution plans under section 415(c)(1)(a) increased from $66,000 to $69,000.