Qualified Deferred Compensation (457 Plans)

 

A tax-exempt deferred compensation program made available to employees of state and federal governments and agencies. A 457 plan is similar to a 401(k) plan, except there are never employer matching contributions and the IRS does not consider it a qualified retirement plan. Participants can defer some of their annual income (up to an annual limit), and contributions and earnings are tax-deferred until withdrawal.

 

 

 

 

 

jeff coenen
jim houle
david pollard
greg toscano
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mark peterson
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