457 Deferred Compensation Plan Limits 2024

457 Deferred Compensation Plan Limits 2024. Employers need to monitor members’ contributions and stop all. The normal contribution limit for elective deferrals to a 457 deferred compensation plan is increased to $23,000 in 2024.


457 Deferred Compensation Plan Limits 2024

This article aims to dissect how the 457 plan will influence deferred compensation in 2024, guiding you through its nuances and preparing you for a financially sound future. The maximum annual contribution limit for 457 (b) plans is $23,000 for 2024 (or 100% of gross annual compensation, if less).

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