Governmental_and_non-governmental_plans 457_plan
1 governmental , non-governmental plans 1.1 non-governmental plans 1.1.1 457(b) (eligible) plans 1.1.2 457(f) (ineligible) plans governmental , non-governmental plans there 2 primary types of plans, governmental , non-governmental. governmental plans under 457(g) plans may no longer created. governmental , non-governmental plans 457(b) plans. non-governmental plans non-governmental 457 plans have number of restrictions governmental ones not. money deferred non-governmental 457 plans may not rolled other type of tax-deferred retirement plan. may rolled non-governmental 457 plan. also, money deferred non-governmental plans not set aside in trust exclusive benefit of employee making deferral. internal revenue code requires money in non-governmental 457 plan remains property of employer , not taxable until time of distribution specific situations allowed original 457 plan or in cases of withdrawals emergency cash needed situations. if funds set aside or provided in separate account employe...