|Eligible||Employees of private employers, some non-profit employers, and churches||Employees of non-profits, such as churches and public schools||Employees of state and local government, churches, and public schools|
|Age 50+ catch-up contributions||Yes|
|Additional catch up||No||Yes - 15-year rule**||Yes - last 3 years rule***|
|Limitations on deferrals||Lesser of IRS dollar ($18,000 for 2017) limit or 100% of compensation||Limit not coordinated with 401(k) and 403(b) limit|
|Limitations on total contributions||Lesser of IRS dollar ($54,000 for 2017) limit or 100% of compensation||Same as deferral limit|
|Distributions while employed||Only on hardship; over 59 ½||Only on account of unforeseeable emergency; age 70 ½ or older
|Distributions without tax penalty****||
||Distributions of amounts you have contributed|
|Distributions with tax penalty****||
||Amounts rolled over from other retirement plans may be subject to the penalty, if distributed prior to age 59 ½ (unless another IRS exception applies)|
|Required minimum distributions||April 1st, following the later of the year in which you become age 70 ½, or the year in which you retire (if plan permits).|
|Rollovers||Yes, if allowed by the Plan, but not required|
*We do not provide administrative services for these plans.
**Eligible employees with 15 or more years of full-time service may be able to contribute up to $3,000 more for 5 years, or a maximum of $15,000.
***May be eligible to defer up to 2 times the contribution limit in effect for the final 3 years of service. Employees cannot participate in the 3-year-catch-up and the 457(b) Plan age 50+ catch-up during the same tax year.
****The IRS imposes a 10% additional tax penalty on certain early distributions form certain retirement plans.