With ICMA-RC, you have the option to participate in either a pre-tax 457 plan.
457 Plan Number 302806
The 457 Deferred Compensation plan through International City/County Management Association (ICMA-RC) is a defined contribution plan and is similar to a 401(k) plan. Participation is optional and you can change your contributions at any time.
With ICMA-RC, you have online access to your account 24/7. With online access, you can change your deferral/contribution amount, change your investment options, change your beneficiary, and view account balances. Note: 457 plans allows online deferral changes only. See the 457 Step-by-step guide in the forms section below.
The plan is similar to a 401(k) plan. You decide the amount to contribute to the plan. You choose investment options that you wish to contribute. If an investment selection is not made, your contributions will be placed in the default investment option. The plan includes age-based or target funds. The age-based funds have an investment guide path that changes as you get closer to retirement age. The 457 plan allows you to save on a pre-tax basis through easy payroll contributions.