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 …

Aug 16, 1986 · 1. Introduction Section 457 plans are nonqualified, unfunded deferred compensation plans established by state and local government and tax-exempt employers. …

Generally, for years beginning after 12/31/2001, an eligible deferred compensation plan under IRC Section 457 (b) (or “section 457 plan”) must meet the written plan document …

Aug 26, 2025 · Non-Governmental 457 (b) Deferred Compensation PlansInternal Revenue Code Section 457 provides tax-advantaged treatment for certain non-qualified deferred …

The limitation on deferrals under section 457(e)(15) concerning deferred compensation plans of state and local governments and tax-exempt organizations is increased from $23,500 to $24,500.

For further information regarding Social Security and Medicare tax withholding and reporting on amounts deferred into eligible deferred compensation plans, see Notice 2003-20 PDF and the …

457 (b) plans for state or local governments: Key characteristics 401 (k) plans are a popular way for employers to provide tax-favored retirement benefits for their employees. In a 401 (k) plan, …

Apr 8, 2025 · A plan administrator for a governmental Section 457 (b) plan must: calculate the maximum deferral amount under the special 457 (b) catch-up and the age 50 catch-up to …

1Qualified plans include, for example, profit-sharing, 401(k), money purchase, and defined benefit plans.

$ the application of annual reporting requirements to ' 457(b) plan administrators and trustees holding assets of a ' 457(b) plan in accordance with ' 457(g). This notice addresses only …