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Do All 457(b) Plans Require Plan Documents?

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Do all 457(b) plans require plan documents, and must they be made available to participants?

 

A quote from my plan administrator when I asked for such documents: "We are not required to have a plan document on an employee contributed plan; only a summary plan description."

 

Thanks,

 

Michael

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Do all 457(b) plans require plan documents, and must they be made available to participants?

 

A quote from my plan administrator when I asked for such documents: "We are not required to have a plan document on an employee contributed plan; only a summary plan description."

 

Thanks,

 

Michael

 

 

According to IRS regulation 1.457-3(a), a 457b plan is a written plan estabished and maintained by an eligible employer.

 

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They definitely had that backwards. No Summary Plan Description is required for a 457(b) plan, but a plan document is , as intruder explained. Were they thinking about a non-ERISA deferral-only 403(b) plan?

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