State and local government employees can invest more in their 457 plans in 2026 than in 2025. Similar to the better-known 401(k) plan in the private sector, the 457 plan (sometimes called a "457(b) ...

Section 457(f) of the U.S. Internal Revenue Code provides a framework for nonqualified deferred compensation arrangements commonly offered by tax-exempt and governmental employers. 457(f) plans ...

Non-governmental, tax-exempt employers (i.e., non-profit organizations) that sponsor 457(b) deferred compensation plans should add this item to their year-end to-do lists: amending the plan to comply ...

Tax-exempt employers sponsoring 457(b) deferred compensation plans have until the end of the year to amend their plans—one year earlier than most other plan types. Initially, qualified and ...