457(b)

Section 457(b) Deferred Compensation Plan refers to Section 457(b) of the Internal Revenue Code of 1986. This is a district-sponsored, voluntary retirement savings plan that allows an employee to save money for retirement on a tax-deferred basis. This plan allows you to start, stop, increase, or decrease contributions at any time.  

The plan contains most of the same features as the 403(b) plan but is particularly different in one unique way: distributions from the 457(b) Deferred Compensation Plan are not subject to the 10% excise tax for early withdrawal. As an additional benefit, the 457(b) account includes access to FinPath, a program designed to help you take control of your money with the help of trusted financial advisors and online financial tools.  

With FinPath, you have access to financial workshops, budgeting tools, and live Wellness Coaches to help answer any financial question. The plan does not have any surrender charges or penalties upon distribution. 

TCG is the 457 plan administrator - managing your contributions, distributions, and personal updates. To get started, simply contact a Retirement Plan Specialist at (800) 943-9179 or visit https://region10rams.org for more information.  

Note: All investing involves risk. Past performance is not a guarantee of future returns.