Guest Doug Johnston Posted March 22, 2001 Report Share Posted March 22, 2001 Anyone want to consult? We have a client that is a subdivision of a medium size city government. The City and the subdivision sponsor the Virginia Retirement System DB pension plan, with employer pick-up of employee contributions. They also sponsor a 457 plan funded by employee deferrals only. They now want to sponsor some type of plan that would provide matching contributions by the City. We have discussed that the City is not eligible for 401(k) or SIMPLE IRA, they don't like the opportunities afforded by the 457 plan, and a 403(B) plan would apparently only be an alternative to (not in addition to) the 457 plan since the contribution limits are coordinated. Bottom line, the client is convinced there is a solution and is not entirely confident in our ability to advise in this area. Does anyone have any ideas or want to contact me to set up a conference call, etc. Client is willing and able to pay for "better" advice! 304-325-8157 Link to comment Share on other sites More sharing options...
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