Max Limit For 457 For 2024. That’s an increase of $500 over 2023. The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.

It assumes that you participate in a single 457(b) plan in 2024 with one employer. You can contribute up to $19,500 as an elective deferral to your employer’s 457(b) plan in 2021.