403(b) Contribution Limits

Calculating employer contributions isn’t really complicated. View the 90-second video for a simple explanation of how to calculate 403(b) employer contribution limits using two figures from your W-2.

Your contribution limits are also subject to IRS maximum contribution limits as noted below according to your age.

2024 403(b) contribution limits:

Under age 50:

The limit for contributions (employee and employer) is $69,000.

The employee deferral portion is limited to $23,000.

Age 50 and over:

The limit for contributions (employee and employer) is $76,500.

The employee deferral portion is limited to $30,500.

*Remember, there must be $1 of Includible Compensation for every $1 of Employer Contribution.

A few tips to remember about your Clergy Advantage 403(b) contributions:

Employer Contributions are not reflected on your W-2
Employer Contributions cannot exceed Includible Compensation, as explained in the video
Employee Contributions are deferred from your pay package and reported in Box 12
- The Employee (pre-tax) Contribution is Code E
- A Roth Style (after-tax) contribution is Code BB
There must be one dollar of Includible Compensation for every dollar of Employer Contribution
Contribution limits change annually and are affected by your age
Always check our website for current limits and talk to your advisor for optimal retirement planning

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