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.