2024 415c Contribution Limit. 1, 2024, the limitation on the annual benefit under a defined benefit plan under section 415 (b) (1) (a) of the code is increased from $265,000 to. 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.

$19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023; The irc §415 dollar limit is $235,000 and the irc §401(a)(17) pay cap is $345,000 for 2024, $330,000 for 2023, and $305,000 for 2022.