415 C Annual Addition Limit 2024. Additionally the annual compensation limit for. Under internal revenue code section (irc sec.) 415, the “annual additions” to a defined contribution plan, including a 401(k) plan, for each participant.
The contribution limit (section 415 limitation) for defined contribution plans increased from $66,000 to $69,000. 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.