Small Quasi Govt 457b

[austin3515]

Trying to help an acquaintance find a cheap option for opening a 457b for a tiny quasi-government agency.  Anyone have any ideas?

[Peter Gulia]

Is the employer a State, a State’s political subdivision (for example, a county, city, town, village, borough, or other municipality), a State’s agency, a State’s instrumentality, or a political subdivision’s agency or instrumentality? [I.R.C. § 457(e)(1)(A)]

Or, is the employer a tax-exempt organization (other than a governmental unit)? [I.R.C. § 457(e)(1)(B)]

Some service providers have capabilities for one kind or the other, but not for both.

[austin3515]

Tax exempt agency, created by a state statute.