Deferred Compensation Catch Up Limits 2024
Deferred Compensation Catch Up Limits 2024. That’s an increase of $500 over 2023. $19,500 in 2020 and 2021;
The maximum annual contribution limit for 457 (b) plans is $23,000 for 2024 (or 100% of gross annual compensation, if less). As part of a 457 plan, participants can contribute more than the annual limit once they reach a certain age.