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Nonqualified 457(b) plans for nongovernmental organizationsRewarding key employees' performance is good for business retirement benefit that helps you recruit, retain and reward key employees What
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Nonqualified 457b plans are meant to provide retirement savings for employees of certain tax-exempt organizations and governmental entities.
Employers offering nonqualified 457b plans are required to file them for their eligible employees.
Nonqualified 457b plans can be filled out by the employer following specific guidelines provided by the IRS.
The purpose of nonqualified 457b plans is to allow employees to save for retirement on a tax-deferred basis.
Nonqualified 457b plans must report information such as participant contributions, employer contributions, investment earnings, distributions, and other relevant details.
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