Section 457

Generally for years beginning after 12 31 2001 an eligible deferred compensation plan under irc section 457 b or section 457 plan must meet the written plan document requirements.

Section 457. There are two types of 457 plans. Ineligible 457 plans are made available because nonprofit organizations are not allowed to have another kind of nonqualified deferred compensation plan. Less common are 457 f plans which are offered to top level employees and some non government employees.

Compilation of social security laws 457. Section 457 in the indian penal code 457. Section 457 of the 1986 code as in effect before and after the amendments made by section 1107 of the reform act pub.

A 457 b plan is usually available to local and state government workers and those employed by tax exempt organizations. 99 514 shall not apply to nonelective deferred compensation provided under a plan in existence on december 31 1987 and maintained pursuant to a collective bargaining agreement. 657 in general subject to subsections d and e the amounts collected on behalf of a family as support by a state pursuant to a plan approved under this part shall be distributed as follows.

Distribution of collected support. 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 section 501. 457 a 1 a.

457 a 1 in general any amount of compensation deferred under an eligible deferred compensation plan and any income attributable to the amounts so deferred shall be includible in gross income only for the taxable year in which such compensation or other income i r c. Under irc section 457 b certain provisions are required and if any optional provisions are intended they must be stated in the plan document. Irs code section 457 f allows for nongovernmental nonprofit organizations to set up a plan that can be tax deferred and exceed the normal defined contribution employee deferral limit.