What Is a 457 Plan? - Investopedia What Is a 457 Plan? A 457 plan is a tax-advantaged retirement savings plan for many state, local government, and some nonprofit organization employees The 457(b) is the most common type
IRC 457 (b) deferred compensation plans - Internal Revenue Service Plans eligible under 457(b) allow employees of sponsoring organizations to defer income taxation on retirement savings into future years Ineligible plans may trigger different tax treatment under IRC 457(f)
What is a 457(b) plan and how does it work? - Fidelity Investments A 457(b) deferred compensation plan is a type of tax-advantaged retirement savings account that certain state and local governments and tax-exempt organizations offer employees Think: law enforcement officers, civil servants, and university workers
Deferred Compensation 457 Retirement Plans - Nationwide A deferred compensation plan is another name for a 457(b) retirement plan, or “457 plan” for short Deferred compensation plans are designed for state and municipal workers, as well as employees of some tax-exempt organizations