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	IAFF-FC: Financial Services
		A 457 plan is a retirement plan established for the benefit of state and local government employees or the employees of tax-exempt organizations.
		The 457 plan assets of tax-exempt employers are subject to the claims of the employer's creditors, but those of plans sponsored by governmental entities are not.
		In 2004 and later years, proceeds from a governmental 457 plan may be rolled over to an IRA or a new employer's qualified plan like a defined benefit or 401(k), 403(b) or 457 plan that accepts transfers from a previous employer's plan.
	www.iaff-fc.com /services-deferred_LM1.aspx (369 words)

	457 Resources, LLC: 457 Retirement Plan Administration & Consulting. (via CobWeb/3.1 planetlab2.isi.jhu.edu) (Site not responding. Last check: 2007-10-19)
		A 457(b) plan is a deferred compensation plan for employees of an eligible employer - a state, local, or municipal governmental entity.
		If allowed under the plan, participants in the plan who have less than $5,000 and have not made any contributions to the plan for two years may withdraw their entire account.
		A 457(f) plan is a deferred compensation plan for a select group of highly compensated employees (HCE’s) of an eligible employer, generally a tax-exempt or not-for-profit organization.
	www.457resources.com.cob-web.org:8888 /457-faq.html (363 words)

	Section 457 Plan \| BSG Benefits (via CobWeb/3.1 planetlab2.isi.jhu.edu) (Site not responding. Last check: 2007-10-19)
		A Section 457 plan is a form of salary reduction plan, similar to a 401(k) plan, which is permitted to be offered to employees of governmental entities under Section 457 of the Internal Revenue Code.
		Contributions to the plan are retained by the employer, the governmental entity, for the purpose of providing retirement benefits for the employee.
		Section 457 plans are generally appropriate for entities who are unable or unwilling to provide substantial retirement benefits but who desire to allow employees the ability to make contributions in amounts larger than those available to individuals through Individual Retirement Accounts.
	www.bsgbenefits.com.cob-web.org:8888 /section-457-plan.htm (168 words)

	CCH Financial Planning Toolkit \| 457 Plan Rollovers
		457 plans (457 plans) have historically been, at best, a questionable means of allowing employees to help save for their retirement.
		Another major disadvantage of 457 plans is that they generally have not allowed tax-free rollovers of distributions between a 457 plan and any other plan (including another 457 plan, a qualified plan, an IRA, or a 403(b) tax-sheltered annuity).
		A 457 plan administrator is required to provide a written explanation of the rollover rules to plan participants who receive a distribution eligible for rollover.
	www.finance.cch.com /text/c40s10d170.asp (645 words)

	457 Retirement Plans
		A 457 plan is a defined contribution retirement plan for employees of state and federal governments and agencies and certain tax-exempt charitable organizations.
		Unlike other retirement plans which can impose a penalty on distributions before you are age 59½, 457 plans do not have this penalty.
		Note that many plans require the participant's spouse to be the beneficiary, unless the spouse provides written permission for another beneficieary to be named.
	www.swimllc.com /457.asp (907 words)

	457 plan - Wikipedia, the free encyclopedia (via CobWeb/3.1 planetlab2.netlab.uky.edu) (Site not responding. Last check: 2007-10-19)
		The 457 plan is a type of tax advantaged defined contribution retirement plan that is available for governmental and certain non governmental employers in the United States.
		Governmental 457 plans may be rolled into other types of retirement plans with few restrictions beyond the normal ones for any other type of employer provided plan, which includes separation of service or disability.
		The second (only available to governmental 457 plans) is much more complicated and can be elected instead by an employee that is within 3 years of normal retirement age (and perhaps eligible retirement at any age).
	en.wikipedia.org.cob-web.org:8888 /wiki/457_plan (1123 words)

	What is a 457 Plan
		A 457 plan is a program that allows you to defer compensation on a pre-tax basis through payroll deduction.
		Under Section 457 of the Internal Revenue Code, you may generally defer a maximum of 100 percent of your taxable income after subtracting 457 deferrals, or $11,000 per year (as of 1/1/2002), indexed, whichever is less.
		You were eligible to participate in a Section 457 deferred compensation plan under any employer, any time from January 1, 1979, to the present, and you are currently participating in the ICMA Retirement Corporation deferred compensation plan.
	www.donpuff.com /457Plans/457main.htm (704 words)

	403(b)wise : Features : Why Public School Districts Should Consider Adding an IRC 457 Plan
		457 plans are the only plans that do not have a 10% penalty for withdrawals prior to age 59 _ and that are available for distribution upon severance from employment (subject to ordinary income tax).
		457 plans are a financial savings tool for those planning on teaching for only for a few years and then raising a family for a period of time.
		Generally, 457 plans are sponsored by the employer and, therefore, are not considered to be individual arrangements.
	www.403bwise.com /features/457reasons_bh.html (1271 words)

	Rollover IRA - 457 Plan Contributions (via CobWeb/3.1 planetlab2.isi.jhu.edu) (Site not responding. Last check: 2007-10-19)
		The max 457 plan contributions are generally the lesser of a percentage of compensation or $14,000 in 2005 (increasing by $1,000 per year to $15,000 in 2006) for selected employees to defer.
		The max 457 plan contributions limit determined by the 457 plan is up to the lesser of 100 percent of the participant's includible compensation or the applicable dollar amount for the year.
		The new 457 plan IRA rollover rules and the increased max 457 plan contributions levels described above will be automatically repealed for years after 2010 unless Congress and the President extend the provisions of the Economic Growth and TAX Relief Reconciliation Act of 2001 ("EGTRRA").
	www.rollover-ira.info.cob-web.org:8888 /457_Plan_Contributions.html (288 words)

	Plan Design Consultants, Inc. - 401(k) Retirement Plans
		Effective in 2003, qualified retirement plans and 403(b) annuities will be permitted to facilitate IRA contributions by those employees eligible as an “add-on” to their qualified retirement plan or 403(b) annuity.
		Plan sponsors must pay a user fee to the IRS in order to obtain a determination letter that their plan is qualified.
		Rollover notice and withholding rules are extended to distributions from governmental 457 plans, and distributions from such plans will be subject to the 10 percent early withdrawal tax to the extent the distribution consists of amounts attributable to rollovers from another type of plan.
	www.plandesign.com /htmlfiles/egtra.htm (4225 words)

	Chapter 457 — Urban Renewal
		A proposed plan for an urban renewal area which is wholly within the boundaries of a city, or which is wholly within the boundaries of a county and does not include any area within the boundaries of a city, must be approved only by the governing body of the municipality in accordance with ORS 457.095.
		Notice of adoption of an urban renewal plan required under ORS 457.095 and notice of filing of an annual financial statement required under ORS 457.460 shall be published in the newspaper, as defined in ORS 193.010, having the greatest circulation in the municipality and which is published within the municipality.
		Upon receipt of the necessary approval of each municipality governing body, the urban renewal plan shall be recorded by the urban renewal agency with the recording officer of each county in which any portion of an urban renewal area within the plan is situated.
	www.leg.state.or.us /ors/457.html (8008 words)

	For Our 457 Plan Vendors (Site not responding. Last check: 2007-10-19)
		A Special Tax Notice for 457 Plan distributions is being created by the IRS and will be provided to participants as soon as it is available.
		Participants who are now in distribution from a 457 Plan will have the ability to change the amount and frequency of their payments or stop taking distribution (if under age 70 ½).
		If the participant chooses to transfer old 457 Plan funds and is currently in distribution from one vendor and/or has multiple distributions on file, all funds must be transferred.
	www.ers.state.tx.us /DeferredComp/457VendorInstructions.htm (1579 words)

	gotalkmoney \| What is a 457 Plan? (Site not responding. Last check: 2007-10-19)
		The key difference is unlike a 401(k) plan, there is no 10% penalty for withdrawal before the age of 59 1/2 (although the withdrawal is subject to regular income taxation).
		Because of this limitation to higher compensation employees, 457b plans are often referred to as "top hat" plans.
		Ineligible 457 plans are made available because non profit organizations are not allowed to have another kind of non qualified deferred compensation plan.
	www.gotalkmoney.com /457plan.htm (943 words)

	IRC 403(b)/457 Plans (Site not responding. Last check: 2007-10-19)
		Beginning in 2006, a 401(k) or 403(b) plan (but not a SARSEP or SIMPLE IRA plan) may permit an employee to irrevocably designate some or all of his or her elective contributions under the plan as designated Roth contributions.
		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 501.
		Plans eligible under 457(b) allow employees of sponsoring organizations to defer income taxation on retirement savings into future years.
	www.irs.gov /retirement/article/0,,id=111442,00.html (242 words)

	AXA Equitable - Retirement - Individual - Government - What is a 457(b) Plan & Why Should I Enroll
		The number 457 refers to a section of the Internal Revenue Code that entitles certain employers to set up a deferred compensation plan for their employees.
		With this kind of plan, employees can defer some of their earnings and be able to direct the investments without having to pay income tax on contributions or any earnings until amounts are withdrawn.
		But in a 457(b) plan taxes on earnings are deferred, so all of your earnings remain invested and growing for the future.
	www.equitable.com /retirement/ind_gov.cfm (566 words)

	Know the pros and cons of your 457 - Mar. 23, 2000
		The 457 plan is similar to the 401(k) that is common in the private sector and offers similar advantages.
		Contributions to a 457 are taken from your gross income, reducing your taxable wages.
		A participant in a 457 plan is allowed to contribute up to 25 percent of annual gross income but not more than $8,000 per year, said Marty Walton, manager of the 457 plan for California Public Employees' Retirement System (CalPERS).
	money.cnn.com /2000/03/23/pensions/q_retire_457 (1170 words)

	457(b)wise : 457(b) FAQs
		Public (governmental) plan 457(b) money is not subject to the age 59 1/2 withdrawal rule, so money can be withdrawn (subject to income tax on the full amount) without incurring a 10% early withdrawal penalty.
		A big advantage to the 457(b) plan is that it is not subject to the age 59 1/2 withdrawal rule.
		A 457(b) plan must be held in a trust for the exclusive benefit of the plan's participants and beneficiaries.
	www.457bwise.com /faqs/index.html (1838 words)

	Section 457 Retirement Plans
		Plans established or maintained by a state, a political subdivision, or a state agency or instrumentality are specifically exempted from ERISA Title I. Therefore, 457 plans established by such employers ("governmental 457 plans") are not subject to ERISA.
		Plans established by nonchurch tax-exempt organizations generally are subject to the requirements of ERISA Title I. ERISA requires that most retirement plans be funded, and plan assets held in trust.
		Because the assets of a nongovernmental 457(b) plan are not held in an ERISA trust, participants have less protection than participants in qualified employer plans in the event of the plan sponsor's bankruptcy.
	www.toalfinancial.com /457.php (3252 words)

	457 Deferred Compensation Plan - ICMA-RC
		A 457 Deferred Compensation Plan is a supplemental retirement savings program that allows you to make contributions on a pre-tax basis.
		You may choose from a wide range of investment options selected by your employer for the plan.
		You are required to begin withdrawing from the account by a certain age.
	www.icmarc.org /xp/rc/products/457 (422 words)

	Choice Plan Frequently Asked Questions
		If you are contributing to both the 401(k) and a 457 plan, you may contribute $15,000 to each plan ($20,000 to each if at least age 50 during 2006).
		These amounts need to be included in annual additions limit testing for each plan, and if necessary, excess contributions should be refunded to the participant from the elective deferrals made to whichever plan(s) exceeded the annual additions limit due to gain sharing.
		Your 401(k) plan is subject to two separate limits – one limiting elective deferrals (elective deferral limit) and one limiting total contributions, including both elective deferrals and employer contributions (annual additions limit).
	www.persi.state.id.us /Choice_Plan/ChoiceFAQs.htm (3645 words)

	New Treatment for IRC Section 457 Plan Distributions
		Recent amendments to IRC sections 457 and 3401 changed the characteristic of distributions from a government section 457 deferred compensation plan, from payment as wages to payment as a pension or annuity.
		Nevertheless, section 457 plan income is included in the denominator of the income percentage, so the $20,000 exclusion may be utilized against that income, as if a resident.
		Because distributions from section 457 plans are now characterized as pension and annuity income, they are not considered self-employment income and thus are not subject to the Yonkers nonresident earnings tax.
	www.nysscpa.org /cpajournal/2003/1203/dept/d126003.htm (821 words)

	HCPS Deferred Compensation Plan (457) (via CobWeb/3.1 planetlab2.isi.jhu.edu) (Site not responding. Last check: 2007-10-19)
		Pension System members, in particular, should contribute to either the 457 or 403b plan, or both, as a means of supplementing their retirement income.
		The 457 plan is a pre-tax deferred compensation plan funded through the convenience of payroll reduction.
		A 457 Salary Reduction Agreement must be sent to Karen Jirsa in the Finance Office at least 14 days prior to the pay date on which you wish to start.
	www.hcps.org.cob-web.org:8888 /Admin/hr/content/457_plan.asp (797 words)

	Benefits - 457
		This is a supplemental retirement Plan that permits employees to defer a certain portion of their pre-tax salary, within certain Internal Revenue Service (IRS) limits, to an account maintained by an investment service provider.
		Unlike 401(k) plans and other “qualified” plans, there is no penalty for withdrawals made from a 457 Plan prior to the participant’s attainment of age 59 ½.
		Therefore, once there is a complete break in service from the County, a participant may choose to withdraw a portion or all of his or her 457 account balance and will only have to pay the Federal and state taxes due on the amount withdrawn.
	www.co.san-bernardino.ca.us /hr/benefits/457.asp (471 words)

	CCH Financial Planning Toolkit \| 457 Plan Distributions
		A deferred compensation plan known as a government or 457 plan must meet certain minimum distribution requirements.
		An emergency distribution from a 457 plan is not like a hardship distribution from a 401(k) plan.
		Distributions may be taxable to the plan participant if the alternate payee is not the plan participant's spouse or former spouse.
	www.finance.cch.com /text/c40s10d180.asp (661 words)

	457 - A Retirement Information Guide for Government Employees - 457 Plans and Rollovers (via CobWeb/3.1 ... (Site not responding. Last check: 2007-10-19)
		A 457 plan is a deferred compensation plan whose purpose is to provide a tax favored vehicle for participants to save for retirement.
		A 457 plan is not a qualified retirement plan under Federal Law.
		Distributions can be rolled to other 457 plans,401k plans, 403b plans, etc. if permitted by new plan.
	www.457-plans.com.cob-web.org:8888 (653 words)

	American Century \| More Info About the 457 Plan (Site not responding. Last check: 2007-10-19)
		The 457 information provided below applies to retirement plans that qualify under Section 457(b) of the IRS Code, which is the standard 457 plan.
		A 457 plan is non-qualified, deferred compensation retirement plan for employees of state and local governments and tax-exempt organizations.
		In many cases, employers who offer a 403(b) plan also can offer 457 plans to their employees.
	www.americancentury.com /services/types/457_info.jsp (267 words)

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