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2024 IRS Retirement Plan Contribution Limits

December 5, 2023

The IRS has released the Annual Plan Limitations for 2024 for defined contribution and defined benefit plans. 403(b), 457(b), & 401(k) elective deferral, catch-up and other key limits are listed below.



 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


Click here to download a PDF version of this information.
Click here to view a complete list of 2024 IRS limits.

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