Series 24: 457 Plans

Taken from our Series 24 - FINRA General Principal Qualification Examination

Definition of the term 457 Plans...

plans for corporate employees in which employees contribute a portion of their wages to individual accounts and where contributions may be matched by their employers. These are similar to 401(k) plans but are for state and local government employees.

Since you're reading about Series 24: 457 Plans, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 24
Please Enable Javascript
to view this content!