457 B Contribution Limits 2024

457 B Contribution Limits 2024. Employees age 50 or older are eligible to contribute an additional $1,000, for a total of $8,000. The limit on elective deferrals under 401(k), 403(b), and eligible 457(b) plans increased to $23,000.


457 B Contribution Limits 2024

It assumes that you participate in a single 457(b) plan in 2024 with one employer. I estimate it will go up by $1,000 to $24,000 in 2025 (or $23,500 if inflation is low).

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