Aug 28, 2025 · A 457 plan is a tax-advantaged retirement savings account for employees of governments and nonprofit organizations.

Plans of deferred compensation described in IRC section 457 are available for certain state and local governments and non-governmental entities tax exempt under IRC Section 501. They can be either …

What is a 457 (b)? 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. …

The Deferred Compensation Program (DCP) is a special type of savings program that helps you invest for the retirement lifestyle you want to achieve—a lifestyle that might be hard to reach with just your …

One major difference is that currently 457 plans are designed for public sector employees, and 401 (k) plans are designed for private sector employees. Another significant difference between these plan …

What is a 457 plan? A 457 (b) plan is a supplemental retirement plan for employees who meet eligibility criteria. Typically, if your employer is a governmental entity, state or local law will determine who is …

Jan 17, 2024 · A 457 (b) is another type of deferred compensation plan that’s available to public employees and those who work for certain tax-exempt organizations. It’s similar to a 401 (k) but has …

A 457 plan is a type of deferred compensation retirement plan with tax advantages that's typically offered to government employees and some employees of nonprofits.

Nov 21, 2025 · Thousands of public service and university employees fail to fully benefit from their 457 (b) retirement plans due to a lack of understanding about contribution limits, distribution rules, and …

Dec 1, 2024 · While it’s not as widely known as a 401 (k) or IRA, a 457 plan can be a powerful tool for building a secure financial future, especially for government employees and non-profit workers who …