All the key resources for leveraging the 457(b) advantage for...
Key Advantages Over the 403(b)
Money can be accessed at any age, tax penalty-free, upon separation of service. 403(b) participants have to wait until age 55.
Most states sponsor excellent, low‑cost plans that are available to educators and that are easy for employers to adopt. It is also easier to create a quality plan from scratch.
It is easier to create and maintain a quality 457(b) plan from scratch. It's also easier to operate a single vendor 457(b) plan.
Wiser for School Districts
Offering a quality 457(b) plan is good business — it can be used as both a recruitment tool and a retention tool. And because, simply put, it is the right thing to do for the educators in your district.
…and for Educators
Easier to access money in retirement and/or when job switching. If administered properly, educators should have access to better, lower-cost investments devoid of the sales environment so common in K-12 403(b) plans.