457 non-profit plan

[Guest Connie Conger]

Can a non-profit, non-church, non-government employer have more than one 457 top hat plan?

[Everett Moreland]

As many as it likes

[Lori Friedman]

Yes. Actually, I've never encountered a 457(f) arrangement that covers more than one individual. Each key employee usually has his/her own agreement with the employer. Also, keep in mind that 457(f) arrangements aren't always planned and intentional; they're sometimes created accidently, when someone has a "clever" deferred compensation idea and isn't aware of the consequences.

[Kirk Maldonado]

I've had several plans with multiple participants.

[Ron Snyder]

I've seen it done both ways. However, the single-plan multiple participant with individual participant elections makes the most sense to me.