Law & Policy
Law and Policy
Health, wealth and global news, views and analysis, written by Mercer legislative, regulatory and policy pros with practical insights for employers and benefit…
IRC retirement plan limit | 2024 | 2023 |
401(k), 403(b) and eligible 457 plan elective deferrals (and designated Roth contributions) | $23,000 | $22,500 |
414(v)(2)(B)(i) catch-up contributions (plans other than SIMPLE plans) | 7,500 | 7,500 |
415(b) defined benefit plan annuity | 275,000 | 265,000 |
415(c) defined contribution plan annual addition | 69,000 | 66,000 |
401(a)(17) and 408(k)(3)(C) compensation | 345,000 | 330,000 |
414(q)(1)(B) highly compensated employee and 414(q)(1)(C) top-paid group | 155,000 | 150,000 |
416(i)(1)(A)(i) officer compensation for top-heavy plan key employee | 220,000 | 215,000 |