Maximum Allowable 457 Contribution 2024 India. The maximum amount you can contribute to a 457 retirement plan in 2024 is $23,000, including any employer contributions. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov.

Contribution limits are determined by the internal revenue service (irs) each year. The following limits apply to retirement plans in 2024: