457(f)

[Guest James Vito Esposito]

Gang,

What annual administrative services does or can a TPA offer to 457(f) Non-Qual Deferred Comp. plans?

I understand the obvious document and document compliance services, but what about:

Recordkeeping of any "informally funded" Rabbi Trusts?

Some sort of annual employee benefit statement?

Some sort of plan valuation report for the employer?

Can anyone attach samples of above to their response, or e-mail them to me (jesposit@smlny.com)?

Sincerely,

Espo, QPA

[Ron Snyder]

Your questions are tricky. As a TPA firm, we don't service 457 plans because the administrative services are generally provided by the mutual fund group or insurance company acting as the funding provider. Their platform, like any 401(k) platform, generally includes a choice of investments, recordkeeping, monthly or quarterly statements, use of plan documents, etc. For non-governmental, 5500s are required.

I have never seen an unfunded 457 arrangement.

As a TPA firm, we provide annual or quarterly statements for 409A deferred compensation plans, whether funded or not. We register such plans with the DOL. We provide an annual valuation report for the employer, whether funded or not, in a format similar to that for a 401(k) plan.