What Is The Max 457 Contribution For 2024. Those with 401 (k), 403 (b), 457 plans, and similar accounts will see a $500 increase for 2024, the limit rising to $23,000. Get a quick summary of the 2024 retirement contribution plan limits for plans like 401(k)s, 403(b)s, 457(b)s, iras, and more.
Contribution limits are determined by the internal revenue service (irs) each year. As part of a 457 plan, participants can contribute more than the annual limit once they reach a certain age.