What are the current contribution limits for 457(b) plans?
To learn more about how much you can contribute, view Contribution and Benefit Limits for Retirement Plans.
Plan sponsors also have the option of permitting “catch-up” contributions (i.e., it is not required that plan sponsors permit “catch-up” contributions). To learn more about how much you can contribute if your plan permits age 50+ and/or 15-years-of-service catch-up contributions, visit view Contribution and Benefit Limits for Retirement Plans. If an employee is eligible for both the age 50+ and the 15-years-of-service catch-up in the same year, the 15-years-of-service catch-up contributions must be counted as though they are made first
For 403(b) plans that include employer contributions, Visit view Contribution and Benefit Limits for Retirement Plans to learn more about the combined limit for employee basic contributions, 15-year catch-up (if eligible), and employer contributions.
These contributions limits are offset by voluntary salary reduction contributions to other pre-tax retirement plans in which an employee participates—e.g., other 403(b) plans, 401(k) plans, SAR-SEPs, and SIMPLE IRAs. Additionally, contributions made by an employee to plans of all corporations, partnerships, and sole proprietorships in which the employee has more than 50% control may need to be aggregated for purposes of the contribution limit. (457(b) plans are excluded from the combined contribution limits).
Salary Reduction Forms
