Profit Sharing for School Admins

[Guest mcasciola]

I am in PA and am talking with a public school district that is looking for options for its administrators. They are trying to retain these folks and are willing to look at district funded options. The admins are not part of the teachers union so I am thinking that they could be excluded. Has anyone have any experiance in this? You coments are greatly appreciated.

[QDROphile]

A government plan can include or exclude anyone because coverage and discrimination rules don't apply for federal tax qualification purposes, with one big exception for deferrals under 403(b) plans. You may have state law restrictions on what the plan can provide.

[mbozek]

A 457 plan is not subject to nondiscriminaton requirements. Employer can contribute up to 13k for selected employees plus 3k for ees over 50 if the amounts are 100% vested. State law may have additional requirements.