Maximum 457 Contribution For 2024. The maximum amount you can contribute to a 457 retirement plan in 2024 is $23,000, including any employer contributions. In 2024, eligible employees who elect to make deferrals to both a 403 (b) and 457 (b) plan will generally be able to contribute up to $23,000 in deferrals to their.
If your goal is to contribute the standard 457 (b) maximum, you would need to contribute $884 per biweekly paycheck ($23,000 for the calendar year). Employees who have access to a 457 plan can contribute up to $19,500 as an elective salary deferral in 2021 or $20,500 in 2022.
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