457 B Contribution Limits 2024 Catch Up Form

457 B Contribution Limits 2024 Catch Up Form. In 2024, you’re able to contribute an additional $7,500 to a 401 (k) each year, so long as you’ve made your contributions by the end of the calendar year. Employees age 50 or older may contribute up to an additional.

Annual contributions to a code §457(b) plan sponsored by a nonprofit can’t exceed the lesser of: Those aged 50 and older will continue to have the ability to contribute an extra $7,500, bringing their total.