457(b) Plan Contribution Limits
| Tax Year | Basic Salary Deferral Limit for All Employees | Annual Limit if You Qualify for the Age 50+ Catch-Up |
|---|---|---|
| 2025 | $23,500 | $31,000 |
| 2024 | $23,000 | $30,500 |
403(b) Plan Contribution Limits
Code Section 402(g) – Elective Deferrals
| Tax Year | Basic Salary Deferral Limit for All Employees | Annual Limit if You Qualify for the Full Amount of the Lifetime Catch-Up (15 Years of Service). Total Lifetime Catch-Up Max of $15,000 | Annual Limit if You Qualify for the Age 50+ Catch-Up | Maximum Annual Contribution if You Qualify for Both the Age 50+ and Lifetime Catch-Ups |
|---|---|---|---|---|
| 2025 | $23,500 | $26,500 | $31,000 | $34,000 |
| 2024 | $23,000 | $26,000 | $30,500 | $33,500 |
403(b) and 401(a) Retirement Plans, Employer-Sponsored
(aka, MidAmerica’s Special Pay Plan)
Code Section 415(c) – The total of all contributions to a 403(b) or 401(a) account made on behalf of a participant cannot exceed 100% of compensation up to $69,000 in 2024 and $70,000 in 2025. This includes elective deferrals (pre-tax and after-tax), employer contributions (matches and non-electives), and forfeitures.