2024 Contribution Limits 457. Employees age 50 or older may contribute up to an additional $7,500 for a total of $30,500. Contribution limits for 401(k)s, 403(b)s, most 457 plans, thrift savings plans (tsps), and other qualified retirement plans rise were $23,000 for 2024, rising from $22,500 for 2023.

In 2024, you will be able to save more for retirement in your 403(b) plan. That’s an increase of $500 over 2023.