Ryann Claudine

Maximum 457b Contribution 2024. 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.

Contribution limits for 401(k)s, 403(b)s, most 457 plans, thrift savings plans (tsps), and other qualified retirement plans rise were $23,000 for 2024, rising from $22,500 for 2023. If an employer has fewer than 25 employees or if a larger employer contributes more to the plan,.