Credit unions and their board members should consider this information and the potential outcome of the IRS’ final issuance as they consider adopting a 457(b) deferred compensation plan. Recently, the IRS issued an advance notice of proposed rulemaking that includes a new facts-and-circumstances test for determining if an entity is a “governmental entity” or an “instrumentality of a governmental entity.” The conclusion, as applied to an example credit union........
Some Good News about Deferred Compensation | NAFCU Services Blog
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