• 457(b) Plan
  • 457(f) Plan
  • Executive Bonus Plan
  • Split Dollar Life Insurance

457(b) Plan

Making it simple for executives to retire on their terms.

In 2015 nearly 55,000 401(k) plans FAILED their annual nondiscrimination test, forcing more than $820 million excess contributions to be returned as taxable income to those executives.1 Providing a 457(b) Plan makes it simple for you to avoid this unexpected situation, helping your executives to safely save beyond the limits of a 401(k) plan.

Benefits for You

  • Can be offered in addition to a 401(k) plan to help you attract and retain key leaders
  • Hand pick the executives you want to participate to support your leadership continuity plan
  • Choose who makes contributions—your credit union, executive or both

Trust CUNA Mutual Group, the largest provider of credit union executive benefits, to help you meet your strategic goals. To request your no-cost consultation, call 800.798.0770, extension 665.8507.

1“ALM’s Judy Diamond Associates Analysis Reveals More Than 54,000 401(k) Plains Failed Nondiscrimination Testing,” JudyDiamond, May 19, 2015.CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Proprietary insurance is underwritten by CMFG Life Insurance Company. Proprietary and brokered insurance is sold by CUNA Mutual Insurance Agency, Inc., a wholly owned subsidiary. This insurance is not a deposit and is not federally insured or guaranteed by your credit union. For more information, contact your Executive Benefits Specialist at 800.356.2644. Representatives are registered through, and securities are sold through, CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, 2000 Heritage Way, Waverly IA 50677, toll-free 866.512.6109. Insurance and annuity products are sold through CMFG Life Insurance Company. Non-deposit investment products are not federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the credit union.