FIS Relius

For governmental organizations, 457(b) plans can provide a valuable system for employee or employer retirement contributions, totally independent of qualified plans or 403(b) plans. In fact, a 457(b), combined with a 403(b), can allow a government employee to make elective deferrals of $33,000 this year (or more if the employee is catch-up eligible). 457(b) plans are also available for top executives of tax-exempt organizations.

While there are many similarities to 401(k) plans, there are also many important differences. This Web seminar gives the 401(k) practitioner all he or she needs to know to assist in designing and operating 457(b) plans. We’ll cover 457(b) plans from “soup to nuts,” emphasizing those areas where 457(b) differs from the typical 401(k) plan.

• Governmental 457 plan
• Tax-exempt 457 plan
• Ineligible 457 plan (457(f) plan)
• 457 plan requirements
• and taxation rules
• Catch-up options
• Plan documents and amendments

There are no prerequisites or other advanced preparation for this program. The speaker will not assume any experience with 457(b) plans, but will assume that attendees understand the basics of operating 401(k) plans. Attendees should have one year of experience.

Level: Intermediate

NASBA Field of Study: Taxes

Speaker: S. Derrin Watson, J.D.
Recipient of ASPPA's 2006 Educator of the Year Award

Objectives: After attending this Web seminar, an attendee should be able to:

• Explain the differences between 457(b) and 401(k) plans
• Explain the interaction between 457(b) and other tax-benefited retirement plans
• Assist in designing a 457(b) plan which will meet a client’s objectives
• Assist in the day-to-day administration of a 457(b) plan

How to participate

You will need a phone (speakerphone, for multiple participants sharing the Primary registrant’s authorized connection) and Internet Access. The graphics presentation and illustrations will be viewed via the Primary registrant’s Web connection, while the speaker audio portion will be via the Primary registrant’s telephone. Important Note: The user registrant must be logged in via the internet for CE purposes.

Select the "Fees" link on the right side menu of this page for more information about who is authorized to connect to the program, and for the cancellation/transfer policy.

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