Welcome to Solomon!

Enter the Access Code below

Access code is invalid

Solomon Logo

Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

These are the are the IRS approved annual maximum amounts you can contribute into your Principal Retirement account.

Any employer contributions to your 401(k). Any matching funds that Reliant contributes directly from the account you are responsible for should not be included when determining the maximum amount you can contribute.


IRS
401(k)/
403(b)(9) Pension Plan Limits 2024 Limit2023
limit
Limit2022
limit
Limit2020/2021 Limit
 401
403(
k
b)
/403
(
b
9) Employee Deferral Limit$23,000$22,500$20,500$19,500
 401

 403(

k

b)

/403

(

b)

9 Catch-up Contribution

*

available

Available for people age 50 and older in excess of the employee deferral limit

, for people age 50 and older

$7,500$7,500$6,500$6,500