Guiding You Through Your 457 and Other Retirement Plan Options
Working with Employee Benefits Law Group to review your retirement plan can help you determine the right plan you should offer your employees.
We have the resources and expertise to thoroughly review and implement successful 457(b) and 457(f) strategies.
Governmental and select tax-exempt employers may want to consider a 457(b) or 457(f) plan instead of a 401(k) or 403(b) plan. Unlike 401(k) and 403(b) plans, a 457 plan allows independent contractors to participate.
Most public agencies don’t regularly review and analyze their retirement plan to determine if the plan meets the needs of its employees and the organization. We make the review process fast and easy, and our reviews have helped many plans significantly reduce costs and limit fiduciary exposure.
For 457(b) and 457(f) plans (as well as other individually sponsored retirement plans, such as money purchase pension plans, defined benefit pension plans and 403(b) tax-sheltered annuities), we can help with:
- Tax qualification.
- Plan administration issues.
- Fiduciary responsibility.
- Defect correction under the Employee Plans Compliance Resolution System (EPCRS).