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Creditors And 457 Plan

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Can creditors file a lien against your 457 plan. Some plans such as a 401(k) are protected from such actions. Is this the case with a 457? If anyone has an answer, I would also appreciate some authority on the matter.

 

Thanking you in advance.

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If the plan sponsor is a government, then the assets are in a trust and protected.

 

If the plan sponsor is a non-profit, then the assets belong to the employer and open game for creditors of the employer. Intruder will correct me if that's incorrect.

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If the plan sponsor is a government, then the assets are in a trust and protected.

 

If the plan sponsor is a non-profit, then the assets belong to the employer and open game for creditors of the employer. Intruder will correct me if that's incorrect.

 

 

You are correct. The only wrinkle would be if the deferred compis protected from creditors as wages under a state labor law.

 

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