457(b) Governmental and Tax-Exempt Plans Update

ASC

The IRS has increased compliance enforcement on sponsors of 457(b) plans. 457(b) plans are special types of deferred compensation retirement plans available only to governmental and tax-exempt entities. While similar to 401(k) plans, 457(b) plans have their own set of rules and requirements, with significant differences applicable to governmental entities and tax-exempt organizations.

In this 2-hour CE credit webcast, John Griffin, J.D., LL.M. will discuss:

• The basic rules applicable under Code §457(b)
• The distinction between 457(b) plans for governmental and tax-exempt entities
• The differences between 457(b), 401(k) and 403(b) plans
• Recent IRS enforcement initiatives
• Plan document requirements, including amendments for CARES and SECURE Act

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