457(B) Plan Catch-Up Election - Delware Plan 664093 is a legal document that was released by the Delaware Office of the State Treasurer - a government authority operating within Delaware.
Q: What is a 457(b) Plan?
A: A 457(b) Plan is a type of retirement plan available to government employees.
Q: What is a catch-up election in a 457(b) Plan?
A: A catch-up election allows participants aged 50 or older to contribute additional funds to their 457(b) plan to "catch up" on retirement savings.
Q: What is Plan 664093 in Delaware?
A: Plan 664093 is a specific 457(b) Plan available in Delaware for eligible employees to participate in.
Q: Who is eligible to participate in the Delaware Plan 664093?
A: Eligible employees, typically government employees in Delaware, are eligible to participate in Plan 664093.
Q: Are catch-up contributions in a 457(b) Plan tax-deductible?
A: Yes, catch-up contributions made to a 457(b) Plan are generally tax-deductible, which can provide potential tax benefits to participants.
Q: How much can I contribute as a catch-up election in a 457(b) Plan?
A: The maximum catch-up contribution limit for a 457(b) Plan is $6,500 per year as of 2021.
Form Details:
Download a printable version of the form by clicking the link below or browse more documents and templates provided by the Delaware Office of the State Treasurer.