402 G Limit 2024 Catch Up Plan. For those who might not be aware of a 402 (g) excess deferral, it occurs when a participant’s total elective deferrals exceed the annual limit for retirement plans. Learn the annual salary deferral, compensation and contribution limits for 401k plans in 2024.


402 G Limit 2024 Catch Up Plan

The irs increased the 402(g) limit for 2024 to $23,000, up from $22,500 in 2023. For 2024, the 402(g) limit is $23,000, or 100% of your annual compensation, whichever is less.

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