Deferred Comp Limits For 2024. As part of a 457 plan, participants can contribute more than the annual limit once they reach a certain age. The elective deferral limit for employees who participate in 401 (k), 403 (b), most 457 plans, and the federal government's thrift savings plan increases from.

Section 457 (b) of the internal revenue code imposes a dollar limit on the sum of employee elective. In this piece, we’ll review the 401(k) contribution limits for 2023 and 2024.