What Is The 402g Limit For 2024 Notification. Since $23,000 is the general 402(g) limit for 2024, even though that employee has yet to defer even a dollar to your plan, she won’t be able to defer anything to your plan for the remainder of the first half of. The 402(g) limit may be the most straightforward 401(k) contribution limit, but it can get complicated fast when an individual contributes to multiple plans in a year.
For 2023, since the recordkeeper must distribute the excess deferral (and any earnings accrued) no later than april 15, 2024 (i.e., the individual’s tax deadline in. Read on to learn more.