2024 Contribution Limits 457. The limit on elective deferrals in sections 401(k), 403(b), and 457 plans is increased to $23,000 (from $22,500) with. On november 1, 2023, the irs announced inflation adjusted amounts for 2024 retirement plans.


2024 Contribution Limits 457

As part of a 457 plan, participants can contribute more than the annual limit once they reach a certain age. The elective deferral limit for employees who participate in 401 (k), 403 (b), most 457 plans, and the federal government’s thrift savings plan increases from $22,500 to.

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