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Can the employer make contributions to the 457(b) plan?

April 26, 2017contributions employer Plan

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Can the employer make contributions to the 457(b) plan?

1 Answer

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While employers can make contributions, all contributions to the plan are treated as salary reduction contributions, and FICA and other payroll taxes would apply. Generally, employers will choose to make employer contributions to other retirement plan types where such taxes do not apply.