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Frequently Asked Questions

What are the minimum and maximum amounts I can contribute to a 457 plan?

The minimum deferral is $10.00 per pay period. The maximum deferral may change annually. As of tax year 2024, the contribution limit is $23,000. Employees age 50 and older are eligible for catch up contributions of an additional $7,500 with total allowable to $30,500.

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Frequently Asked Questions