Why It's a Good Idea for Private Tax-Exempt Employers to Adopt a Simplified 457(b) Employee-Deferral Plan for Executives (Top-Hat Group)

Tip of the Day

Are your executives reaching their deferral of compensation dollar limits in the organization's 403(b) or 401(k) plan?

Why not adopt a simplified 457(b) Plan for the executives so they can elect to defer up to $17,500 ($18,000 for 2015) of their salary annually (increased for cost-of-living adjustments) in addition to the 403(b) or 401(k) plan dollar limits?

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