Irs Deferred Compensation Limits 2024. The elective deferral limit for simple plans is 100% of compensation or $16,000 in 2024, $15,500 in 2023, $14,000 in 2022, and $13,500 in 2020 and 2021. Increase in contribution limits for 457 (b) plans:

Learn how to make the most of your 401k plan Most of the dollar ‎limits, including the elective deferral contribution limit for 401 (k), 403 (b) and 457 (b) plans, the ‎annual compensation limit under 401 (a) (17) and.