2025 Deferred Comp Limits 457 Account

2025 Deferred Comp Limits 457 Account. Everything You Need to Know About 457 Plans Deferred Compensation DEFERRED COMPENSATION PLAN 457 (b) featuring Roth 2025 Annual Deferral Amounts The IRS has announced changes to the annual maximum deferral amounts for the Deferred Compensation 457 (b) Plan for 2025 Increases to the general annual contribution limit:Retirement Topics - 457 (b) Contribution.

The normal contribution limit for elective deferrals to a 457 deferred compensation plan is $23,500 The catch-up contribution limit that generally applies for employees aged 50 and over who participate in most 401 (k), 403 (b), governmental 457 plans, and the federal government's Thrift Savings Plan remains $7,500 for 2025.

TSA and Deferred Comp Comparison Chart

Elective deferrals - In 2024, you may defer the lesser of $23,000 or 100% of your includible compensation to a 457 (b) plan ($22,500 in 2023; $20,500 in 2022; $19,500 in 2020 and 2021) The normal contribution limit for elective deferrals to a 457 (b) deferred compensation plan is increased to $23,500 in 2025 Employees taking advantage of the special pre-retirement catch-up may be eligible to contribute up to double the normal limit, for a total of $47,000.

457 Plan Contribution Limits for 2024 Kiplinger. DEFERRED COMPENSATION PLAN 457 (b) featuring Roth 2025 Annual Deferral Amounts The IRS has announced changes to the annual maximum deferral amounts for the Deferred Compensation 457 (b) Plan for 2025 Year: 2025 Annual Maximum: $70,000 For 2025, the annual limit on total employee and employer contributions to a participant's money purchase plan account is the lesser of 100% of compensation or $70,000.

2024 Deferred Comp Limits 457 Plan Joli Rowena. 2025 457 (b) Contribution Limit 457 (b) contribution limits will increase from $23,000 in 2024 to $23,500 in 2025 457 (b)s have unique catch-up contribution rules, so consult with your plan administrator if you are interested in putting more in your 457 (b).