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Showing results for tags '457 plans'.
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I have a governmental entity setting up a 457 plan and wants to provide a match as well. We are planning to have a paired 401(a) plan so employees get to defer up to the 457 contribution limit each year. For the document , does the 401(a) document just have the employer non-elective language with each person being in their own rate group? In that case, the client will fund the match contributions only for those who made 457 deferrals, and since governmental entities are not subject to nondiscrimination - your allocation amount doesn't have to satisfy any testing. I may be overly complicating how to draft the 401(a) vs 401(m) document items. It doesn't seem like my 401a plan needs any matching contribution language since that plan will not have an deferrals.
