457 B Contribution Limits 2024

457 B Contribution Limits 2024. The contribution limit for employees who participate in a 457 (b) plan, 403 (b) plan, or the federal government’s thrift savings plan is $23,000 in 2024 (up from $22,500 in 2023). It assumes that you participate in a single 457(b) plan in 2024 with one employer.

The maximum annual contribution limit for 457 (b) plans is $23,000 for 2024 (or 100% of gross annual compensation, if less). As part of a 457 plan, participants can contribute more than the annual limit once they reach a certain age.