Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Regional Vice President of Sales

The Retirement Plan Company
(Remote / AL / FL / GA / MS)

The Retirement Plan Company logo

Defined Benefit Combo Cash Balance Compliance Consultant

Loren D. Stark Company (LDSCO)
(Remote)

Loren D.  Stark Company (LDSCO) logo

Business Development Director

AimPoint Pension
(Remote / Pompano Beach FL / AL / GA)

AimPoint Pension logo

Retirement Plan Administrator

Bates & Company, Inc.
(Remote / Winter Park FL)

Bates & Company, Inc. logo

Loan & Distribution Specialist

AimPoint Pension
(Remote)

AimPoint Pension logo

Director of 3(16) Operations

Compass
(Remote / NH / Hybrid)

Compass logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

457(b) vs. 401(k): Key Differences
ForUsAll Link to more items from this source
Mar. 5, 2018

"Eligibility for a 457(b) nongovernmental plan differs from that of a governmental plan.... Much lower combined contribution limits for the 457(b) ... 401(k) employee contribution limits are higher for employees 50 and older.... No rollover for nongovernmental 457(b) plans ... No penalty for withdrawals prior to 59-1/2.... The criteria for hardship withdrawals under either type of 457(b) are far more restrictive ... 457(b) nongovernmental assets are exposed to insolvency risk ... 457(b) distribution rules can be particularly confusing[.]"

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).
© 2024 BenefitsLink.com, Inc.