Elective deferrals generally limited to regular contribution limit

(a) Applicable employer plans Section 414(v)(1) of the Internal Revenue Code of 1986 is amended by adding at the end the following: Except in the case of an applicable employer plan described in paragraph (6)(A)(iv), the preceding sentence shall only apply if contributions are designated Roth contributions (as defined in section 402A(c)(1)).. (b) Conforming amendments (1) Section 402(g)(1) of such Code is amended by striking subparagraph (C). (2) Section 457(e)(18)(A)(ii) of such Code is amended by inserting the lesser of any designated Roth contributions made by the participant to the plan or before the applicable dollar amount. (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2024.