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457 Plans

457(b) Plans
While these employer sponsored retirement plan are most common at the state and local government, many not‐for‐profit entities can utilize these plans as a “top hat” plan for executives. Not‐for‐profit entities will sponsor both a 403(b) and a 457(b) plan simultaneously so their executives can contribute $18,500 or $24,500 pre‐tax to the 403(b) and an additional $18,500 or $24,500 pre‐tax to the 457(b). A huge tax advantage. The plans are not allowed to cover “rank‐and‐file” employees.

457 plan

457(f) Plans
Not to be confused with 457(b) plans, 457(f) plan are nonqualified deferred compensation arrangements which have more in common with the for‐profit world executive deferred compensation plans. Unlike a 457(b) plan, the assets do not belong to the employee until there is no longer a “substantial risk of forfeiture”. The assets in 457(f) plans are property of the employer and are available to the organizations general creditors in the event of bankruptcy. There are no set dollar limits for the amount of the annual contribution to these plans. These plans are often referred to as the “golden handcuffs”.

Welcome To Our Virtual Retirement Plan Services

For companies located outside of the Capital Region, we designed a virtual employer sponsored retirement plan platform that allows us to offer our clients:

  • Easy Plan Setup
  • Plans Consulting
  • Low Fees
  • Flexible Investments
  • No Call Centers
  • Employee Education (if applicable)
  • Retirement Planning
  • Video Conferencing For Review Meetings

Contact Us  . . .

Partners

All of our services start with a complimentary consult. We can assist you in determining which plan is the right fit for your company.

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Investment advisory services offered through Greenbush Financial Group, LLC. Greenbush Financial Group, LLC is a Registered Investment Advisor. Securities offered through American Portfolio Financial Services, Inc (APFS). Member FINRA/SIPC. Greenbush Financial Group, LLC is not affiliated with APFS. APFS is not affiliated with any other named business entity. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not ensure against market risk. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investments may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly.