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2024 IRS Contribution Limits

2023 Limits2024 Limits
Employee Elective Deferrals to the 403(b), 457(b) and 401(k) Plans $22,500 $23,000
Catch-Up Contributions (Age 50 or older) to the 403(b), 457(b) and 401(k) Plans$7,500 $7,500
Annual Addition Dollar Maximum (applies to Employer-paid 401(a), 403(b) and 401(k) Plans)$66,000 $69,000
Defined Benefit Dollar Maximum $265,000 $275,000
Highly Compensated Employee Threshold (applies mainly to 401(k) Plans)$150,000 $155,000
Key Employee Threshold (applies mainly to 401(k) Plans)$215,000 $220,000
Annual Compensation (applies to almost all retirement plans)$330,000$345,000
Annual IRA contribution$6,500 $7,000
IRA catch-up contributions (age 50 and older; unchanged)$1,000 $1,000
HSA Catch Up Contributions (age 55+)$1,000 $1,000

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Helpful Resources

403(b) Enrollment Guide

Registration Instructions Step One: Create an account with an approved vendor Visit www.tcgservices.com/documents. Search for your employer and open...

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