457 Plan Max Contribution 2024 Limit

457 Plan Max Contribution 2024 Limit. The maximum amount you can contribute to a 457 retirement plan in 2024 is $23,000, including any employer contributions. Those with 401(k), 403(b), 457 plans, and similar accounts will see a $500 increase for 2024, the limit rising to $23,000.

Contribution maximums will increase from $22,500 to $23,000 for 401 (k), 403 (b) and most 457 plans, as well as the federal government’s thrift savings plan, the irs. The maximum amount a person can contribute to a section 457 deferred compensation plan is set each year by the irs after taking inflation into account.