402g Limit 2024 Catch Up
402g Limit 2024 Catch Up. For the 2024 calendar year, the 402(g) limit is $23,000. Catch ups are deferrals made to a plan in excess of a 402(g) limit, plan document limit, or testing limit.
Irc §402 (g) generally provides for the exclusion of elective deferrals from a participant’s taxable income. Catch ups are deferrals made to a plan in excess of a 402(g) limit, plan document limit, or testing limit.