Annual 457 Contribution Limits 2024. The maximum annual contribution limit for 457 (b) plans is $23,000 for 2024 (or 100% of gross annual compensation, if less). Section 457 retirement plan contribution limits.
Employees who have access to a 457 plan can. That’s an increase of $1,000 over 2021.
The Limit On Elective Deferrals Under 401(K), 403(B), And Eligible 457(B) Plans Increased To $23,000.
The internal revenue service (irs) has announced the dollar maximums and limits for qualified pension plans for 2024.
Of Note, The 2024 Pretax Limit That Applies To Elective Deferrals To Irc Section 401 (K), 403 (B) And 457 (B) Plans Increased From $22,500 To $23,000.
The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits.
Find Out How Much Individuals Can Save In A 457 Plan.
In 2024, employees may contribute up to $23,000 into workplace 401 (k), 403 (b) and certain 457 plans, a $500 increase from the prior year.
Workers Who Contribute To A 401 (K), 403 (B), Most 457 Plans And The Federal Government’s Thrift Savings Plan Can Contribute Up To $23,000 In 2024, A $500 Increase.