457 Plan
A non-qualified, deferred compensation plan established by state and local governments and tax-exempt governments and tax-exempt employers. Eligible employees are allowed to make salary deferral contributions to the 457 plan. Earnings grow on a tax-deferred basis and contributions are not taxed until the assets are distributed from the plan.

Investopedia Says:
Employees are allowed to defer up to 100% of compensation not exceeding the applicable dollar limit for the year. If the plan does not meet statutory requirements, the assets may be subject to different rules.

Related Terms:
401(k) Plan
403(b) Plan
Distribution
Elective Deferral Contribution
Qualified Retirement Plan
Saver's Tax Credit

• Accommodative Monetary Policy
• Accordion Feature
• Account
• Accountable Plan
• Accountant
• Accountant's Opinion
• Account Balance
• Accounting
• Accounting Earnings
• Accounting Insolvency
• Accounting Method
• Accounting Noise
• Accounting Period
• Accounting Profit
• Accounting Rate of Return (ARR)
• Accounting Rate of Return (ARR)
• Account Settlement
• Accounts Payable (AP)
• Accounts Payable (AP)
• Accounts Payable Turnover Ratio
• Accounts Receivable (AR)
• Accounts Receivable (AR)
• Accounts Receivable Financing
• Accredited Investor
• Accreting Principal Swap