2025 Deferred Comp Limits 457 Account. 457 Retirement Plan Contribution Limits 2025 Theo Junaid Elective deferrals - In 2024, you may defer the lesser of $23,000 or 100% of your includible compensation to a 457 (b) plan ($22,500 in 2023; $20,500 in 2022; $19,500 in 2020 and 2021) The catch-up contribution limit that generally applies for employees aged 50 and over who participate in most 401 (k), 403 (b), governmental 457 plans, and the federal government's Thrift Savings Plan remains $7,500 for 2025.
457 Plan Contribution Limits for 2024 Kiplinger from www.kiplinger.com
The normal contribution limit for elective deferrals to a 457 deferred compensation plan is $23,500 It is not combined with your deferrals made to a 403 (b) or other plans
457 Plan Contribution Limits for 2024 Kiplinger
A 457 (b) plan's annual contributions and other additions (excluding earnings) to a participant's account cannot exceed the lesser of: 100% of the participant's includible compensation, or the elective deferral limit ($23,000 in 2024; $22,500 in 2023; $20,500 in 2022; $19,500 in 2020 and in 2021) 2025 457 (b) Contribution Limit 457 (b) contribution limits will increase from $23,000 in 2024 to $23,500 in 2025 Employees age 50 or older may contribute up to an additional $7,500 for a total of $31,000.
New York City Deferral Acceleration for Retirement (Dar) Form 457. A 457 (b) plan's annual contributions and other additions (excluding earnings) to a participant's account cannot exceed the lesser of: 100% of the participant's includible compensation, or the elective deferral limit ($23,000 in 2024; $22,500 in 2023; $20,500 in 2022; $19,500 in 2020 and in 2021) 457 (b)s have unique catch-up contribution rules, so consult with your plan administrator if you are interested in putting more in your 457 (b).
457 Plan Contribution Limits for 2024 Kiplinger. Employees age 50 or older may contribute up to an additional $7,500 for a total of $31,000 The catch-up contribution limit that generally applies for employees aged 50 and over who participate in most 401 (k), 403 (b), governmental 457 plans, and the federal government's Thrift Savings Plan remains $7,500 for 2025.