Provide legal advice and consulting to the ARRC for its defined benefit pension plan, two 401(k) plans and a 457 plan
With other pressing items such as the development of an operations center in the forefront, BMI put the 457 plan
on the shelf.
So a taxpayer under age 50 who is saving for retirement in a conforming state would be allowed to contribute $11,000 to a 401(k) and $11,000 to a 457 plan
contribution limits increase from the lesser of $8,500 or one-third of compensation in 2001 to the lesser of $15,000 or 100% of compensation in 2006.
Provide equitable tax treatment to Section 457 plan
distributions made pursuant to a domestic relations order.
the definition of compensation under Section 415 is amended so that deferrals into a Section 457 plan
are not taken into account in the limits on retirement benefits paid by qualified defined benefit plans.
Revenue Procedure 98-40 (Internal Revenue Bulletin 199832, 6--describes special procedures for obtaining a ruling from the IRS about a section 457 plan
The tax code prohibits associations from rolling 457 plan
assets into a 401(k).
The City is soliciting responses from qualified firms or individuals to provide analysis, advice, direction and general guidance to the Retirement Committee members regarding the fund structure, investment lineup, implementation, and administration of the Thrift Savings Plan (401k), the 457 Plan
, the City of Arlington Part-time, Seasonal, Temporary Employee Deferred Income Plan, and City of Arlington Disability Income Plan.
Public employees also can participate in a supplemental [sections] 457 plan
, which has about $300 million in total assets.
With these changes, ING will also service the 457 plan
generally may not be paid or made available to a participant before separation from service with the employer.