No. of Recommendations: 1
The following is an example of the caution employees of non-profit organizations must take in contributing to their 457(b) plans. Certainly, this example is not common...but it does happen. And if Medicare and Medicaid get aggressive in controlling reimbursements, we may see it more often.

As a reminder, non-profit 457(b) plans, unlike ERISA retirement plans or 403(b) plans, belong to the employer, not the employee. Thus, the contributions to these plans are accessible to the non-profit employer's creditors, a condition that does not exist with qualified plans or 403(b) plans.

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