Maximum 457 B Contribution 2024 India. The new contribution limit, effective from january 1, 2024, applies to 401(k) plans, along with 403(b) plans, most 457 plans, and the thrift savings plan for federal employees. Similar to the contribution limits for 401(k)s, employees can generally contribute up to $19,500 to a 457(b) plan in 2021.

Every year, the irs announces the latest contribution limits for retirement savings accounts (including 401 (k), 403 (b), certain 457 (b) plans and ira contributions), as well as voya. General 457 annual contribution limit.