2024 Retirement Plan Limits
| 2024 Retirement Plan Limits | ||
|---|---|---|
| 2024 | 2023 | |
| Deferral Limit 402(g)(1) | $23,000 | $22,500 |
| Catch-up Contribution Limits 414(v)(2)(B)(i) | $7,500 | $7,500 |
| DC Annual Addition Limit 415(c)(1)(A) | $69,000 | $66,000 |
| Annual Compensation Cap 401(a)(17) | $345,000 | $330,000 |
| Taxable Wage Base | $168,600 | $160,200 |
| DB Annual Limit 415(b)(1)(A) | $275,000 | $265,000 |
| 457(b) Contribution Limit 457(e)(15) | $23,000 | $22,500 |
| HCE Threshold 414(q)(1)(B) | $155,000 | $150,000 |
| SIMPLE 401(k) Limit 408(p)(2)(E) | $16,000 | $15,500 |
| SIMPLE 401(k) Catch-up 414(v)(2)(B)(ii) | $3,500 | $3,500 |
| Maximum ESOP Account Balance 409(o)(1)(C)(ii) | $1,380,000 | $1,330,000 |
| ESOP 5-year Distribution Period Limit | $275,000 | $265,000 |
| Key Employee 416(i)(1)(A)(i) | $220,000 | $215,000 |
| QLAC 1.401(a)(9)-6 | $200,000 | $155,000 |