Q. Can deferral elections in a nongovernmental 457(b) plan be increased, reduced or cancelled?
A. Yes, and they can be changed monthly. Elections are effective for compensation that is paid the month after the elections are made.
Editor’s Note: the original source, from Fulcrum Partners LLC, can be found here.
Recent Comments
Does the roth requirement for catch-up contributions for people who earned $145,000 apply to 457...
Hi Ed,
I really liked this article and I think you make a lot of sense. And I had no...
I believe there's a misstatement in that last quote - it should refer to governmental and...
Working with several medical providers as clients, I note that the high-end earners tend to push...
Congratulations to NTSAA for landing a good one. Nathan's breadth of experience and...