Administrator Testing |
None. |
Employee Contribution Limit |
Maximum employee deferral is the lesser of 100 percent of income after application of FICA or $18,000. |
Catch-up Contribution |
Up to $6,000 for participants age 50 or older. |
Special Catch-Up Contribution |
Employees within three years of the retirement age specified in the plan document may qualify for a special 457 plan catch-up provision. |
Loans Available |
Yes, if employer elects in the Plan Document. |
Employee Eligibility Requirements |
All employees are eligible. |
Total Employee/Employer Maximum Contribution |
$18,000. Employers may contribute to the plan on behalf of participants. Employer contributions constitute compensation earned and deferred by the participant. |
Annual Custodial Fee |
None. |