Loren D. Stark Company
Randall & Hurley, Inc.
EPIC Retirement Plan Services
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|IRS Issues Proposed Code §457 Regulations|
May 20, 2002
Excerpt: The IRS has issued proposed regulations for Code §457 plans. The new regulations reflect tax law changes made to 457 plans by EGTRRA and other tax laws dating back to TRA 86.... A 457 plan may use the EGTRRA age-50 catch-up provision ($1,000 for 2002) or the special larger 457 catch-up rule.... A 457 plan participant may not use both catch-up limits for a particular year.
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