What Is The 402g Limit For 2024

What Is The 402g Limit For 2024. $19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023; Check the latest contribution limits for the.


What Is The 402g Limit For 2024

Since $23,000 is the general 402(g) limit for 2024, even though that employee has yet to defer even a dollar to your plan, she won’t be able to defer anything. 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.

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