Guest JD Colville Posted March 9, 2000 Report Share Posted March 9, 2000 IRC 457(e) defines an eligible employer for 457 plans as: (A) a State, political subdivision of a State, and any agency or instrumentality of a State or political subdivision of a State, and (B) any other organization (other than a governmental unit) exempt from tax under this subtitle. Does anyone agree or disagree with my interpretation that entities that are organized as independent boards pursuant to federal legislation and Indian Tribes would not be "eligible employers" for 457 purposes and so would not be subject to either the $8,000 deferral limit or the trust requirement? If these employers are not subject to 457, are they then subject to the same deferred compensation rules applicable to corporate plans? Thanks for any guidance. Jim Colville Link to comment Share on other sites More sharing options...
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