Deferred Compensation 457 Limits 2024. The normal contribution limit for elective deferrals to a 457 deferred compensation plan is increased to $23,000 in 2024. That’s an increase of $500 over 2023.


Deferred Compensation 457 Limits 2024

As part of a 457 plan, participants can contribute more than the annual limit once they reach a certain age. Annual contributions to a code §457(b) plan sponsored by a nonprofit can’t exceed the lesser of:

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