What Is The 457 Limit For 2024. The limit on elective deferrals under 401 (k), 403 (b), and eligible 457 (b) plans increased to $23,000. For 2023, the maximum contribution limit was $3,050 per person.
In 2023, the annual contribution limit for a 457(b) plan is $22,500. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov.
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