What are the 403(b) & 457(b) plan contribution limits for 2024?
403(b) Contribution Limits for 2024
The 403(b) Standard Elective Deferral Limit is the lesser of $23,000.00 or 100% of includable compensation in 2024.
Participants who will have attained age 50 by the end of 2024 can defer up to an additional $7,500.00, for a total of up to $30,500.00.
Additional information concerning the maximum allowable contribution (MAC) to the 403(b) plan, including details on the 15 Years of Service Catch-up provision*, can be found on our Detailed 403(b) Plan Limits Information page.
457(b) Contribution Limits for 2024
The 457(b) Standard Elective Deferral Limit is the lesser of $23,000.00 or 100% of includable compensation in 2024.
Participants who will have attained age 50 by the end of 2024 may defer an additional $7,500.00 to the 457(b) plan under the Age 50 Catch-up, for a total of up to $30,500.00.
Additional information concerning the maximum allowable contribution (MAC) to the 457(b) plan, including details on the 3 Year Catch-up provision*, can be found on our Detailed 457(b) Plan Limits Information page..
Contributions Limits to Both 403(b) and 457(b) Plans for 2024
If an employer offers both a 403(b) and a 457(b) plan, employees may participate in both plans and may contribute up to the limits described above in each of the plans.
*Special catch-ups are subject to availability under your employer's Plan Document. Use of special catch-ups requires a personal calculation to determine (and evidence) eligibility. Please see the "Request a Personal Calculation" section below for more information.
Request A Personal Calculation
If you are interested in maximizing your contributions beyond the standard contribution limit (plus Age-Related Catch-up, if applicable) in the 403(b) or 457(b) Plan and would like to have a personal calculation performed to determine if you qualify for additional contributions under a special catch-up provision, please contact CCC.
Frequently Asked Questions by Employees
Please visit our 403(b) Frequently Asked Questions (FAQ) or 457(b) Frequently Asked Questions (FAQ) for additional information. For information concerning your Employer's plan, select your employer's link from the Information for Employees page.
What are the 403(b) & 457(b) plan contribution limits for 2023?
403(b) Contribution Limits for 2023
The 403(b) Standard Elective Deferral Limit is the lesser of $22,500.00 or 100% of includable compensation in 2023.
Participants who will have attained age 50 by the end of 2023 can defer up to an additional $7,500.00, for a total of up to $30,000.00.
457(b) Contribution Limits for 2023
The 457(b) Standard Elective Deferral Limit is the lesser of $22,500.00 or 100% of includable compensation in 2023.
Participants who will have attained age 50 by the end of 2023 may defer an additional $7,500.00 to the 457(b) plan under the Age 50 Catch-up, for a total of up to $30,000.00.
Contributions Limits to Both 403(b) and 457(b) Plans for 2023
If an employer offers both a 403(b) and a 457(b) plan, employees may participate in both plans and may contribute up to the limits described above in each of the plans.
*Special catch-ups are subject to availability under your employer's Plan Document. Use of special catch-ups requires a personal calculation to determine (and evidence) eligibility.