Originally Posted by
89Pistons
70K combined and 59.5K for those that aren't able to, or choose not to, contribute to their PRAP in 2025. 46.5 max PRAP company contribution if the LOA passes. The Annual Compensation Limit in 401(a)(17) is an IRS cap.
yes, the annual compensation limit is a cap. The contributions to the PRAP are not capped by a law.
59.5k itself is not a cap stipulated in any IRS code.