© 2023 Proskauer Rose LLP.
login-customizer domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home1/natiopq9/public_html/wp-includes/functions.php on line 6131The post IRS Releases Annual Increases to Qualified Retirement Plan Limits for 2024 appeared first on The National Law Forum.
]]>| Qualified Defined Benefit Plans | |||
| 2023 | 2024 | Increase from 2023 to 2024 | |
| Annual Maximum Benefit | $265,000 | $275,000 | $10,000 |
| Qualified Defined Contribution Plans | |||
| 2023 | 2024 | Increase from 2023 to 2024 | |
| Aggregate Annual Contribution Limit | $66,000 | $69,000 | $3,000 |
| Annual Pre-Tax/Roth Contribution Limit | $22,500 | $23,000 | $500 |
| Catch-Up Contribution Limit for Individuals 50+ | $7,500 | $7,500 | — |
| Other Adjustments for Qualified Plans | |||
| 2023 | 2024 | Increase from 2023 to 2024 | |
| Annual Participant Compensation Limit | $330,000 | $345,000 | $15,000 |
| Highly Compensated Employee Threshold | $150,000 | $155,000 | $5,000 |
| Key Employee Compensation Threshold for Top Heavy Testing | $215,000 | $220,000 | $5,000 |
The post IRS Releases Annual Increases to Qualified Retirement Plan Limits for 2024 appeared first on The National Law Forum.
]]>