457 plans, which are defined contribution (DC) plans, are much more than just a brother to the 401(k). These plans have very much their own designs, rules and implementation concerns. Recently, ...

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) ...

Marguerita is a Certified Financial Planner (CFP), Chartered Retirement Planning Counselor (CRPC), Retirement Income Certified Professional (RICP), and a Chartered Socially Responsible Investing ...

Like its better-known sibling — the 401(k) — a 457(b) retirement plan is a tax-advantaged way to save for retirement. But the 457(b) is designed especially for employees of state and local governments ...

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 ...

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 ...

I started a new job that offers a 457 retirement plan rather than a 401(k). Are the rules the same? The private-sector 401(k) and the 457 plan for public-sector employees have a lot in common. Both ...

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 ...

No later than December 31, 2025, non-governmental 457(b) deferred compensation plans must be amended for certain changes under the SECURE Act of 2019 and the SECURE 2.0 Act of 2022. More specifically, ...

RALEIGH — North Carolina Treasurer and gubernatorial candidate, Dale R. Folwell, CPA, and the North Carolina Supplemental Retirement Plans Board of Trustees unanimously approved a 12-month waiver of ...

Des Plaines, Ill., hired 457 Consulting Group as investment consultant for its $53 million 457 plan. The city council approved the hiring at its March 17 meeting, recently released meeting minutes ...

Maine is searching for a general defined contribution plan consultant for its $575 million 457 plan. The state is seeking proposals from firms that can provide investment performance review and ...