by Jeff Chang | Apr 4, 2022 | 457(b) Plans, Plan Administration, Record-keeping
Although many people think that governmental section 457(b) plans and private sector 401(k) plans are the same – because they both allow pre-tax deferrals of similar amounts of income – they are not the same. Due to their differing origins, their rules and...
by Jeff Chang | Oct 27, 2021 | 457(b) Plans, Fiduciary Responsibilities, Income Tax, Plan Administration, Record-keeping
Just the other day, a public agency client contacted us to find out what to do with a participant’s 457(b) plan deferral election following the participant’s untimely death due to COVID. As with most cases, cities and special districts would owe the former employee...
