Which of the following statements regarding 457 plans is (ar…

Which оf the fоllоwing stаtements regаrding 457 plаns is (are) true? An individual who defers $24,500 to their 403(b) plan during 2026 can also defer $24,500 to a 457 plan during 2026 (salary and plan permitting). A 457 plan allows an executive of a tax-exempt entity to defer compensation into an ERISA protected trust. In the final three years before normal retirement age, a participant of a government-sponsored 457 plan may be able to defer $49,000 (2026) for the plan year.