457(g) plan

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A 457(g) plan is a nonqualified deferred compensation plan for a governmental employer that obeys the rules of Code Section 457(b) and Code Section 457(g). Unlike other eligible plans, 457(g) plans can and must hold their assets in trust. Because they are sponsored by governmental employers, 457(g) plans are not subject to ERISA and do not need to be limited to a select group of employees to avoid ERISA coverage (i.e., they do not need to be Top-hat plans).

See 457 Plans for detailed information.