415c 2024 Contribution Limit Irs. The irs notes that irc section 415(c) generally limits annual additions to defined contribution (dc) plans to the lesser of the dollar limit in effect for the year or 100% of the. Irs statements and announcements section 415 of the internal revenue code (code) provides for dollar limitations on benefits and contributions under qualified retirement.
For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. The dollar limitations for retirement plans and certain other dollar limitations that.