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Can a participant in the 457 Plan make up for past years when he or she didn’t contribute the maximum allowable amount?

April 26, 2017allowable contribute maximum participant past years Plan

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Can a participant in the 457 Plan make up for past years when he or she didn’t contribute the maximum allowable amount?

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Yes, but only under certain circumstances. Participants who have not contributed the maximum amount to the 457 Plan in previous years have an opportunity to make up for underutilized contributions prior to retirement through the Deferral Acceleration for Retirement (DAR) program.