A version of this article previously appeared in the September 2019 issue of Employee Benefit Plan Review. Section 457(f) of the Internal Revenue Code (“Code”) governs “ineligible” deferred ...

Sections 409A and 457 share certain concepts. In particular, the concept of “substantial risk of forfeiture” is critical under both regimes. Under Section 457(f), deferred compensation of a public or ...

Section 409A, which specifically included 457(f) ineligible plans under Section 409A coverage, requires such ineligible plans to comply with both the requirements under Section 457(f) and Section 409A ...

The 2017 tax reform legislation did not directly change the rules governing Section 457(b) or Section 457(f) plans. However, the final law did contain a provision that could indirectly subject a ...

Drinker Biddle says the IRS is getting ready to issue long-anticipated regulations governing Internal Revenue Code Section 457(f) plans. In an alert sent out by the law firm to its clients, Drinker ...

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If you work in the private sector, you likely have access to a 401(k) plan that allows you to put aside a portion of your paycheck toward a tax-deferred retirement account. However, government and ...

For many years, the IRS has promised to issue regulations for Sec. 457(f) plans, largely because detailed guidance addressing certain issues was sorely needed. Finally, proposed regulations ...

The IRS and the Treasury Department have released the long-awaited, proposed 457(f) regulations relating to deferred compensation plans of tax-exempt organizations and state or local governments.

A 457 plan is a tax-advantaged retirement savings plan primarily used by employees of state and local governments, as well as certain non-profit organizations. Like 401(k) and 403(b) plans, it allows ...

If you work in the private sector, you likely have access to a 401(k) plan that allows you to put aside a portion of your paycheck toward a tax-deferred retirement account. However, government and ...