The Treasury Department’s proposed regulations regarding the income tax treatment of “ineligible plans” of tax-exempt employers under Code Section 457(f), published in June 2016, were greeted with ...

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 ...

Internal Revenue Code ("Code") Section 457(b) plans are only available to a select group of employers – state and local governments and entities that are exempt from tax pursuant to Code Section 501.

There are higher 457 plan contribution limits in 2026. That's good news for state and local government employees.

In the ED, titled Internal Revenue Code Section 457 Deferred Compensation Plans That Meet the Definition of a Pension Plan and Supersession of GASB Statement 32, GASB recommends that if a Sec. 457 ...

lients may be asking about the new “catch-up” pension and IRA contributions allowed under the latest tax act. CPAs should be aware of these new provisions to educate themselves and instruct clients ...

The Qualified Domestic Relations Order (QDRO) rules applicable to qualified plans ( Q 3915) also apply to eligible Section 457 plans, so that the IRC Section 457(d) distribution rules are not violated ...

There are different accounts available to help you save for retirement, including a 457 and 403(b). You may be able to contribute to one or both if you meet the eligibility requirements and work for a ...

Deadlines have also been extended to amend plans for certain provisions of the Taxpayer Certainty and Disaster Tax Relief Act. The IRS has issued Notice 2022-45, extending the deadlines for amending ...