457 Plan

Filed Under »
Dictionary Says

Definition of '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.
Investopedia Says

Investopedia explains '457 Plan'

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.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. 401(k) Plan

    A qualified plan ...
  2. 403(b) Plan

    A retirement ...
  3. Elective-Deferral Contribution

    A contribution ...
  4. Distribution

    1. When trading ...
  5. Qualified Retirement Plan

    A plan that ...
  6. Saver's Tax Credit

    A non-refundable ...
  7. Qualified Automatic Contribution ...

    Also known as ...
  8. Eligible Automatic Contribution ...

    Also known as ...
  9. Minimum Wage

    The minimum ...
  10. Living Wage

    A theoretical ...

Articles Of Interest

  1. Introductory Tour through Retirement Plans

    Here you will find tutorials that are each devoted to one the most common retirement plans, explaining how to establish, fund, and then take distributions from it.
  2. The 4-1-1 On 457 Plans

    Recent legislation has made 457 plans similar to other types of plans, but there are still big differences. Read on to learn them.
  3. Strategic Ways To Distribute Your RMD

    We give you some tips on preserving your nest egg in the face of unavoidable withdrawals.
  4. Find High Yield CDs

    Retire in style. Search for the 100 highest yielding CD's from Bankrate.com. Click Here!
  5. Stretch Your Savings By Working Into Your 70s

    Staying employed a little longer may allow for a more comfortable retirement.
  6. Financial New Year's Resolutions You Can Keep

    Start the year off right by evaluating your financial health and setting new goals.
  7. Designations No Retirement Planner Should Be Without

    Advance your career and gain clientele by adding a few choice certifications.
  8. 5 Common Misconceptions About ETFs

    The rise in these funds' popularity has contributed to misinformation about what they are and how they work. Learn more here.
  9. Introduction To Employee Stock Purchase Plans

    ESPPs offer a very straightforward method of allowing employees to participate in the overall profitability of their employers.
  10. Introduction To Incentive Stock Options

    Here are some basic highlights of how ISOs work and the ways they can be used.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center