Aug 28, 2025 · A 457 plan is a tax-advantaged retirement savings account for employees of governments and nonprofit organizations.

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 can be either …

What is a 457 (b)? A 457 (b) deferred compensation plan is a type of tax-advantaged retirement savings account that certain state and local governments and tax-exempt organizations offer employees. …

A deferred compensation plan is another name for a 457 (b) retirement plan, or “457 plan” for short. Deferred compensation plans are designed for state and municipal workers, as well as employees of …

What is a 457 plan? A 457 (b) plan is a supplemental retirement plan for employees who meet eligibility criteria. Typically, if your employer is a governmental entity, state or local law will determine who is …

Dec 1, 2025 · A 457 plan is a type of deferred compensation retirement plan with tax advantages that's typically offered to government employees and some employees of nonprofits.

Aug 1, 2025 · Similar in many ways to a 401 (k), a 457 plan allows you to contribute a portion of your salary into an investment account, helping you grow your retirement savings while deferring taxes.

Jan 17, 2024 · A 457 (b) is another type of deferred compensation plan that’s available to public employees and those who work for certain tax-exempt organizations. It’s similar to a 401 (k) but has …

Aug 15, 2024 · 457 plans allow you to defer a portion of your pay, invest in various assets, and pay taxes upon withdrawal. Many employers offer 457 plans in tandem with other retirement options. A …

Jan 3, 2025 · Both 457 and 401 (k) plans are types of tax-advantaged retirement plans that allow for pre-tax contributions. However, there are key differences. Most notably, 457 plans don't incur a 10% …