415 Limit 2024 With Catch Up Contribution 2024

415 Limit 2024 With Catch Up Contribution 2024. What is the 415(c) limit? Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase.


415 Limit 2024 With Catch Up Contribution 2024

The 415(c) limit caps the amount of “annual additions” (i.e., total contributions) a 401(k) plan can allocate to participants each. The highlights of limitations that changed from 2023 to 2024 include the following:

415 Limit 2024 With Catch Up Contribution 2024 Images References :