457 Plan Contribution Limits For 2024. 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 403(b). 457 (b) contribution limits will increase from $23,000 in 2024 to $23,500 in 2025.

The maximum amount a person can contribute to a section 457 deferred compensation plan is set each year by the irs after taking inflation into account. Defined benefit plan benefit limits.