Contribution limitations
(i) In general
(i)In general#
The requirements of this subparagraph are met if, under the arrangement—
(I) the only contributions which may be made are elective contributions of employees described in subparagraph (C), and
(II) the aggregate amount of such elective contributions which may be made with respect to any employee for any calendar year shall not exceed $6,000.
(i)(I)#
the only contributions which may be made are elective contributions of employees described in subparagraph (C), and
(i)(II)#
the aggregate amount of such elective contributions which may be made with respect to any employee for any calendar year shall not exceed $6,000.
(ii)Cost-of-living adjustment#
In the case of any calendar year beginning after December 31, 2024 , the $6,000 amount under clause (i) shall be adjusted in the same manner as under section 402(g)(4), except that “2023” shall be substituted for “2005”.
(iii)Catch-up contributions for individuals age 50 or over#
In the case of an individual who has attained the age of 50 before the close of the taxable year, the limitation under clause (i)(II) shall be increased by the applicable amount determined under section 219(b)(5)(B)(ii) (after the application of section 219(b)(5)(C)(iii)).