Deferred Comp Catch Up 2024. Employees age 50 or older may contribute up to an. It allows these participants to contribute up to twice the below.

Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000. The normal contribution limit for elective deferrals to a 457 deferred compensation plan is increased to $23,000 in 2024.