Transcription of M. SECTION 457 DEFERRED COMPENSATION PLANS OF …
{{id}} {{{paragraph}}}
Example: quiz answers
M. SECTION 457 DEFERRED COMPENSATION PLANS OF …
M. SECTION 457 DEFERRED COMPENSATION PLANS OF STATE AND LOCAL GOVERNMENT AND TAX-EXEMPT EMPLOYERS by Cheryl Press and Robert Patchell 1. Introduction SECTION 457 PLANS are nonqualified, unfunded DEFERRED COMPENSATION PLANS established by state and local government and tax-exempt employers. These employers can establish either eligible (covered by 457(b)) or ineligible (covered by 457(f)) PLANS , and are subject to the specific requirements and deferral limitations of SECTION 457 of the Internal Revenue Code of 1986 ("Code"). Certain other types of PLANS established by state and local government and tax-exempt employers are not subject to the requirements of SECTION 457, however. The purpose of this article is to provide an overview of SECTION 457, identify the differences between an eligible and an ineligible SECTION 457 plan, and discuss those PLANS which are excepted from the rules and requirements articulated in SECTION 457 and the regulations thereunder.
Aug 16, 1986 · Section 457 Deferred Compensation Plans of State and Local Government A. Eligible Employers An eligible deferred compensation plan is defined as any plan, agreement
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: