Maximum Deferred Comp 2024 Including Catch Up. The 2024 401 (k) individual contribution limit is $23,000, up from $22,500 in 2023. As part of a 457 plan, participants can contribute more than the annual limit once they reach a certain age.

The maximum annual contribution limit for 457 (b) plans is $23,000 for 2024 (or 100% of gross annual compensation, if less). The normal contribution limit for elective deferrals to a 457 deferred compensation plan is increased to $23,000 in 2024.