Download the recently released IRS retirement plan limits for 2024.
2024 Contribution & Benefit Limits
“Key employees” and “highly compensated employees” are terms used for testing purposes in the annual nondiscrimination testing of a retirement plan. The $7,500 catch-up contribution limit for participants aged 50 or older applies from the start of the year to those turning 50 at any time during the year. Source: IRS Notice IR-2023-75.
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Securities offered through LPL Financial, member FINRA/SIPC. Investment advisory services offered through Global Retirement Partners, LLC (GRP), a registered investment advisor. Insurance services offered through HUB International. GRP, Washington Financial Group and HUB International are separate and unaffiliated with LPL Financial. Washington Financial Group is the approved name under which LPL Financial business is conducted.
