Irc Section 415 C Limit 2024

Irc Section 415 C Limit 2024. 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. Limitations on benefits and contribution under qualified plans.

Limitations on benefits and contribution under qualified plans. The tax law places limits on the dollar amount of contributions to retirement plans and iras and the amount of benefits under a pension plan.