The Standard®

457

Eligible Deferred Compensation Plans
for State and Local Governments

Eligible Deferred Compensation plans are also commonly known as 457 plans, named after the Internal Revenue Code section that authorizes state and local governments to establish them. These plans allow eligible public employees to contribute a portion of their compensation to a retirement account.

These contributions are made on a pre-tax basis — no current income tax is due and no income tax withholding is required on amounts contributed to the plan until withdrawals or distributions are made. This reduces your income tax withholding and tax liability immediately, making it easier to save.

The Standard is the marketing name for StanCorp Financial Group, Inc. and its subsidiaries. StanCorp Equities, Inc., member FINRA, wholesales a group annuity contract issued by Standard Insurance Company and a mutual fund trust platform for retirement plans. Third-party administrative services are provided by Standard Retirement Services, Inc. Investment advisory services are provided by StanCorp Investment Advisers, Inc., a registered investment advisor. StanCorp Equities, Inc., Standard Insurance Company, Standard Retirement Services, Inc. and StanCorp Investment Advisers, Inc. are subsidiaries of StanCorp Financial Group, Inc. and all are Oregon corporations.

Enroll Now!

Create a Personal Savings Center account and enroll in your employer's plan online today.

Related Information

  • Retirement Plan Participant Fee Disclosure
  • The Standard Group Variable Annuity Performance
  • Retirement Planning in Turbulent Markets
  • Learn about the advantages your retirement plan offers