457 Plan Contribution Limits For 2024 Over 50. That’s an increase of $500 over 2023. The normal contribution limit for elective deferrals to a 457 deferred compensation plan is increased to $23,000 in 2024.
To aid in this preparation, we’ve broken down the essential information you need to know about the contribution limits for a 457 plan in 2024 into five key subtopics: 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.
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