2024 415 Contribution Limits. Internal revenue code section 415(c) provides that during a limitation year, the annual additions (total of employer contributions, employee contributions and forfeitures allocated to a. Section 415 of the internal revenue code (code) provides for dollar limitations on benefits and contributions under qualified retirement plans.
The 415(c) contribution limit applicable to defined contribution retirement plans increased from $69,000 to. As we approach the new year, it is important to stay informed about 2024 contribution limits for traditional and roth iras.