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457 Plan
(redirected from 457(b))

    Also found in: Wikipedia 0.07 sec.
457 Plan
A non-qualified, deferred compensation plan established by state and local governments and tax-exempt governments and tax-exempt employers. Eligible employees are allowed to make salary deferral contributions to the 457 plan. Earnings grow on a tax-deferred basis and contributions are not taxed until the assets are distributed from the plan.

Notes:
Employees are allowed to defer up to 100% of compensation not exceeding the applicable dollar limit for the year. If the plan does not meet statutory requirements, the assets may be subject to different rules.
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HOUSTON -- AIG VALIC, a leading national provider of retirement plan services to for-profit and not-for-profit education, healthcare and government organizations, today announced that it has been selected by San Diego City Schools (SDCS) as its exclusive 457(b) retirement plan provider as well as the common-remitter for the multi-vendor 403(b) plan.
AIG VALIC Selected as Exclusive 457(b) Provider and Common-Remitter ... by Business Wire
Elite Choice is a unique investment platform for California school district employees that mitigates fiduciary liability for school districts that sponsor a Governmental 457(b) Plan.
RSG Securities' Elite Choice Retirement Solutions Adopted by 25 ... by Business Wire
Keenan, the largest privately held brokerage firm in California, today announced it has expanded its retirement services capabilities with the acquisition of Envoy Plan Services, a third-party administrator and compliance firm focused on 403(b) and 457(b) plans, and its affiliated company, Retirement Solutions Group, which focuses on comprehensive retirement planning products and services.
Keenan Announces Acquisition of Envoy Plan Services and Retirement ... by Business Wire
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