MD-Benefits Guy Posted August 22, 2024 Posted August 22, 2024 Can someone please confirm that the 415 limit is per unrelated plan? If someone participated in a plan for the first part of the year and maxed out their contributions at 23,000 (in 2024) and then went to another job with a 401k plan that permitted after tax contributions - with the new plan, would the participant be able to contribute a total of $69,000. Do I have this correct? Can anyone point me to a US Treasury Reg or IRS document that spells out that the 415 limit is per plan and not by participant? Thanks in advance.
Bri Posted August 22, 2024 Posted August 22, 2024 1.415(a)-1 and go from there? 402(g) is a "per person" limit, 415 is a "per employer" limit. Luke Bailey, Lou S., Bill Presson and 1 other 4
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