457 Deferred Compensation Plan Limits 2025. This limit includes both employee and employer contributions. The standard contribution limit for a 457 (b) plan is $22,500 in 2023 and $23,000 in 2024.
The maximum annual contribution limit for 457 (b) plans is $23,000 for 2024 (or 100% of gross annual compensation, if less). The dollar limitation for catch.
What Is A 457 Deferred Compensation Plan?
The normal contribution limit for elective deferrals to a 457 deferred compensation plan is increased to $23,000 in 2024.
General 457 Annual Contribution Limit.
The maximum annual contribution limit for 457 (b) plans is $23,000 for 2024 (or 100% of gross annual compensation, if less).
457 Deferred Compensation Plan Limits 2025 Images References :
General 457 Annual Contribution Limit.
Thatโs an increase of $500 over 2023.
What Is A 457 Deferred Compensation Plan?
There is one limit on the amount of contributions an individual may defer to an eligible 457 (b) deferred.