2024 Deferred Comp Limits 45705. The limit on the maximum amount of. The normal contribution limit for elective deferrals to a 457 deferred compensation plan is increased to $23,000 in 2024.


2024 Deferred Comp Limits 45705

The limit on elective deferrals under 401 (k), 403 (b), and eligible 457 (b) plans increased to $23,000. Itโ€™s specifically designed for those who work for the state or local government, has the flexibility to adjust as your needs change and can help you turn your salary into a more comfortable retirement.

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