402 G Limit 2024 Catch Up. 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. This means that if they meet the irc § 402 (g) elective deferral limit or the irc § 415 (c) annual additions limit and keep saving, their contributions will.
$19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023;. Employee elective deferral limit irc 402(g) additionally, there is a separate limit on how much an employee may choose to defer or contribute to their retirement.
