Irc 415 B Limit 2024. 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. The maximum annual benefit that can be accrued by an individual at his social security normal retirement age in a qualified defined benefit plan is the lesser of this limit or 100% of the.
For purposes of adjusting any limitation under subparagraph (c) and, except as provided in clause (ii), for purposes of adjusting any benefit under subparagraph (b), the interest rate. The 415(c) contribution limit applicable to defined contribution retirement plans increased from $66,000 to $69,000.