Irs 415 Limit 2024. 100% of the participant's average compensation for his or. 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.

Irs benefit payment limits 415(b) under irs rules, there’s a limit on the annual benefit payments a retiree can receive from tcdrs. If you determine that participants in your plan have annual additions (contributions) that exceed the 415(c) limit, you can correct this mistake using one of the irs correction.