The IRS has increased the contribution limit maximums for 2024. For most 401k, 403b and 457 plans, the limit has increased from $22,500 to $23,000. For those 50 years of age or older, the catch-up contribution limit is staying at $7,500, experiencing no change from 2023. For faculty and professional admin who have any questions regarding supplemental plan contributions, contact Kylee Legino at kylee.legino@unco.edu.