Maximum Allowable 457 Contribution 2024. The 2024 401(k) individual contribution limit is $23,000, up from $22,500 in 2023. The normal contribution limit for elective deferrals to a 457 deferred compensation plan is increased to $23,000 in 2024.
In 2024, employers and employees together can. The maximum amount you can contribute to a 457 retirement plan in 2024 is $23,000, including any employer contributions.
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