|
gptkbp:instanceOf
|
retirement plan
|
|
gptkbp:advantage
|
tax-deferred
|
|
gptkbp:alsoKnownAs
|
gptkb:457(b)_plan
|
|
gptkbp:annualContributionLimit
|
$22,500 (2023)
|
|
gptkbp:appliesTo
|
state government employees
local government employees
certain non-profit organization employees
|
|
gptkbp:catchUpContribution
|
$7,500 (2023)
|
|
gptkbp:catchUpProvision
|
special 3-year catch-up
|
|
gptkbp:contribution
|
employer contribution
employee elective deferral
|
|
gptkbp:country
|
gptkb:United_States
|
|
gptkbp:distributionsTaxedAs
|
ordinary income
|
|
gptkbp:establishedBy
|
Internal Revenue Code Section 457(b)
|
|
gptkbp:establishedIn
|
1978
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
457(b)
|
|
gptkbp:loansAllowed
|
varies by plan
|
|
gptkbp:planSponsor
|
governmental employer
non-profit employer
|
|
gptkbp:regulates
|
gptkb:Internal_Revenue_Service
|
|
gptkbp:requiredMinimumDistributions
|
yes
|
|
gptkbp:rolloverAllowed
|
gptkb:IRA
gptkb:401(k)
gptkb:403(b)
|
|
gptkbp:subjectToERISA
|
no (governmental plans)
yes (non-governmental plans)
|
|
gptkbp:vesting
|
varies by plan
|
|
gptkbp:withdrawalPenalty
|
no early withdrawal penalty before age 59½
|
|
gptkbp:bfsParent
|
gptkb:401(k)
gptkb:Rollover_IRA
|
|
gptkbp:bfsLayer
|
7
|