[Recorded online and available for purchase.]
S. Derrin Watson, J.D., APM
For governmental organizations, 457(b) plans can provide a valuable system for employee or employer retirement contributions, totally independent of qualified plans or 403(b) plans. In fact, a 457(b), combined with a 403(b), can allow a government employee to make elective deferrals of $33,000 this year (or more if the employee is catch-up eligible). 457(b) plans are also available for top executives of tax-exempt organizations.
While there are many similarities to 401(k) plans, there are also many important differences. This Web seminar gives the 401(k) practitioner all he or she needs to know to assist in designing and operating 457(b) plans. We’ll cover 457(b) plans from “soup to nuts,” emphasizing those areas where 457(b) differs from the typical 401(k) plan.
- Governmental 457 plan
- Tax-exempt 457 plan
- Ineligible 457 plan (457(f) plan)
- 457 plan requirements
- Distribution and taxation rules
- Catch-up options
- Plan documents and amendments
Continue by clicking on the following link: