Deferred Comp Contribution Limit 2024. Increase in contribution limits for 457(b) plans: Annual contribution limit for employee deferrals to a simple retirement plan described in irc section 408(p)(2) or 401(k)(11).
Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000. That’s crucial info for participants in nonqualified deferred comp (nqdc) plans.
