Max Contribution To 457 B 2024

Max Contribution To 457 B 2024. What are the contribution limits of a 457(b) plan? In 2024, eligible employees who elect to make deferrals to both a 403(b) and 457(b) plan will generally be able to contribute up to $23,000 in deferrals to their 403(b).

That’s an increase of $500 over 2023. As part of a 457 plan, participants can contribute more than the annual limit once they reach a certain age.