Meaning 457 plan
What does 457 plan mean? Here you find 3 meanings of the word 457 plan. You can also add a definition of 457 plan yourself
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457 plan
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457 planA retirement plan for employees of state and local government organizations, allowing one to contribute a specified portion of wages to a tax-deferred retirement account. Taxes on earned income are deferred, and both contributions and accumulated earnings are fully taxable when withdrawals are made.
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457 planNon-qualified deferred compensation plans available to employees of state and local governments and tax-exempt organizations.
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