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Guest Brian0925

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Guest Schiff Benefits Group

Brian,

Unless the charter school is a federal agency, it is my understanding that the school would be prohibited from instituting a gov't 457(b) plan. I assume that you want to extend the plan to all employees otherwise a standard 457(b) would be okay for your top hat employees.

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It depends upon the status of the school with the state. Is it a governmental agency, instrumentality, etc. I'd have them check on the status of similar charter schools, who may have already addressed the issue.

Schiff - note that federal agencies are not covered by 457. See 457(e)(1)

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