415c Annual Additions Limit 2024. The internal revenue code (irc) section 415(c) contribution limit applicable to defined contribution retirement plans increased from $66,000 to $69,000 for 2024. The 415(c) limit is subject to annual adjustments based on changes in the cost of living.

This snapshot discusses how to adjust the irc section 415 (c) defined contribution dollar limitation for a short limitation year,. Under internal revenue code section (irc sec.) 415, the “annual additions” to a defined contribution plan, including a 401 (k) plan, for each participant may not exceed the lesser of.