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APPROVEDCHAPTERJUNE 15, 20218BY GOVERNOR & S LACTATE OF MAINE ___ IN THE YEAR OF OUR LORD TWO THOUSAND TWENTY ONE ___ H.P. 457 L.D. 621 An Act To Increase the Number of Franklin County Commissioners
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The Form 457 - l is typically needed by individuals who are eligible for deferred compensation plans as allowed by the IRS. This form is commonly used by employees of state and local governments, as well as tax-exempt organizations.
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457 - l is a type of retirement plan available to certain eligible employees.
Employees who have a 457 - l plan are required to file it.
457 - l forms can be filled out online or through the employer's HR department.
The purpose of 457 - l is to provide employees with a tax-advantaged way to save for retirement.
Information such as contributions, withdrawals, and account balances must be reported on 457 - l.
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