What Is The Maximum 457b Contribution 2024. Contribution limits for 401(k)s and other defined contribution plans. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits.

The normal contribution limit for elective deferrals to a 457 deferred compensation plan is increased to $23,000 in 2024. The code §457 (b) limit for the year ($23,000 for 2024).