Guest JCG Posted March 23, 1999 Report Share Posted March 23, 1999 Is it permissible for an entity to make one participant's 457 contributions (an entity official's for example) and yet not make any other participant's contributions? This would not be a matching contribution (in which case I understand the entity is permitted to define whatever matching class it desires). Link to comment Share on other sites More sharing options...
Guest CVCalhoun Posted March 29, 1999 Report Share Posted March 29, 1999 I can't see a problem with this. Unlike nongovernmental 401(a) or 403(B) plans, governmental or nongovernmental 457 plans are not subject to any nondiscrimination rules. ---------------------- Employee benefits legal resource site Link to comment Share on other sites More sharing options...
Guest PeterGulia Posted April 11, 1999 Report Share Posted April 11, 1999 A municipality will want to get its lawyer's written opinion that an employer-provided contribution is authorized by applicable state law. ------------------ Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now