Plans eligible under 457(b) allow employees of sponsoring organizations to defer income taxation on retirement savings into future years. Ineligible plans may trigger different tax treatment under IRC 457(f).
*Note: it is important to contact your plan administrator for complete details on your 457(b) plan.
*Note: www.irs.gov website was used to provide this information to you.
Pre-tax contributions
Grow tax-deferred until distributions are made from the plan
Contact your plan administrator for this information
A 457(b) plan’s annual contributions and other additions (excluding earnings) to a participant’s account cannot exceed the lesser of:
$6,000 in 2016 - 2017
*Note: You should always contact your plan administrator before starting this program.
