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457(b) employer (ER) matching contributions

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457(b) employer (ER) matching contributions

457(b) employer (ER) matching contributions

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Employers can make matching and non-matching contributions to a sponsored 457(b) plan on behalf of their employee. Employer matching contributions are like free money, and aren’t subject to income taxes. Make sure your client is contributing enough to get the most out of their employer’s matching program. This amount isn’t reported on the W-2 but can usually be found on paystubs.

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