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Was FUTA designed to ensure that workers who are covered by pension plans receive benefits from those plans?
false--ERISA was designed to do that
Are 457 retirement plans only applicable to government employees?
There are non-government 457 retirement plans available. Your employer will be able to tell you if a 457 retirement plan is an option at your work place.
Does your spouse have to be your beneficiary for long term disability?
Since IRA accounts are not governed by ERISA law as are 401(k) plans and other qualified retirement plans (such as 403(b) and others), the spouse is not required to be the default beneficiary. For those plans governed by ERISA, a spouse must either be the beneficiary of the plan or must have authorized any other beneficiary designation. IRAs (both traditional and Roth IRAs) do not have this restriction: you can name anyone you wish as the beneficiary of your IRA account.
Can a non governmental 457 plan distribution be rolled over into another retirement plan?
No, except to another non-governmental 457 plan. Governmental 457 plans can be rolled over to another type of plan.
How can you find more information about Erisa Law?
Someone can find more information about the ERISA law by visiting the United States Department of Labor website. The Employee Retirement Income Security Act (ERISA) is a federal law that sets minimum standards for most voluntarily established pension and health plans in private industry. It was signed in 1974.
Can you roll a 457 into a roth IRA?
No, you can only roll a 457 into a traditional IRA As of January 1, 2008, you can roll over pre-tax 401(k), 401(a), 403(b), and 457 plans directly into a Roth IRA
Where can one find a 457 plan online?
There are a few companies where you can learn about a 457 plan online. Nationwide is becoming widely known in the field of auto insurance, but it can also help with retirement. There is a page on their official website that discusses 457 retirement plans.
What has the author Ramon Paul DeGennaro written?
Ramon Paul DeGennaro has written: 'Understanding 401(k) plans' -- subject(s): 401(k) plans, 403(b) plans, 457 plans, Defined benefit pension plans
Where can I find more information about 457 retirement plans ?
If you work for a company that offers 401k benefits it is best to ask your manager or human resources representative for more information on this program, matching deposits, interest fees, and other details. Howevere, if your company does not offer this plan a bank can help you with basic details different retirement plans such as a 401k.
Do members of Baseball's Hall of Fame receive a pension?
yes
What federal agency regulates IRAs?
erisa?
Is a 457 the same as an IRA account?
a 457 is like a 401k, but it is usually offerred by governments rather than businesses. an IRA is an Individual Retirement Account...with the emphasis on individual. Ira is not typically offered to employees by a business The withdrawal rules of a 457 are different from a 401k also...there's no 10% penalty for taking you money out before 59 1/2. Local and state government employers offer 457 plans to their employees but you have to be careful of costs. A lot of 457 plan providers charge a lot for their plans. These and similar questions about 457s are answered also at 457planinfo.com
