457 Plan Max Contribution 2024 Over 50. 457(b) contribution limits will increase from $22,500 to $23,000 in 2024. As part of a 457 plan, participants can contribute more than the annual limit once they reach a certain age.
The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401 (k), 403 (b), and 457 (b) plans, as well as income. Those with 401(k), 403(b), 457 plans, and similar accounts will see a $500 increase for 2024, the limit rising to $23,000.
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