415 Limit 2024. The internal revenue code (“code”) section 415 annual addition limit is increased to $69,000 for 401(k) and other defined contribution plans, and the annual benefit limit is. Section 415 of the internal revenue code (code) provides for dollar limitations on benefits and contributions under qualified retirement plans.
The 415(c) limit is the maximum amount of contributions that individuals can make to a defined contribution retirement plan in a calendar year, as per section 415(c) of the. 1, 2024, the limitation on the annual benefit.