Certain Component Unit Criteria, and Accounting and Financial Reporting for Internal Revenue Code Section 457 Deferred Compensation Plans
Certain Component Unit Criteria, and Accounting and Financial Reporting for Internal Revenue Code Section 457 Deferred Compensation Plans

Author: Financial Accounting Foundation. Governmental Accounting Standards Board

Publisher:

Published: 2020

Total Pages: 48

ISBN-13:

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"The primary objectives of the Statement are to (1) increase consistency and comparability related to the reporting of fiduciary component units in circumstances in which and potential component unit does not have a governing board and the primary government performs the duties that a governing board typically would perform; (2) mitigate costs associated with the reporting of certain defined contribution pension plans, defined contribution other postemployment benefit (OPEB) plans, and employee benefit plans other than pension plans or OPEB plans (other employee benefit plans) as fiduciary component units in fiduciary fund financial statements; and (3) enhance the relevance, consistency, and comparability of the accounting and financial reporting for Internal Revenue Code (IRC) Section 457 deferred compensation plans (Section 457 plans) than meet the definition of a pension plan and for benefits provided through those plans."--Summary.

457 Answer Book
457 Answer Book

Author: Gary S. Lesser

Publisher:

Published: 1996-12-31

Total Pages: 840

ISBN-13:

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Guiding readers through all aspects of 457 plan administration -- from installation through the audit process -- the 457 ANSWER BOOK describes: The duties and responsibilities of those performing the functions; the required legal, accounting, and administrative tasks; checklists that facilitate control of each administrative process; and suggested forms. Blending the theoretical and practical, The 457 ANSWER BOOK provides: the history and legal origins of the plan Design and drafting standards Suggested administrative procedures Data processing and payroll considerations Operations and fund flow mechanics Marketing and sales suggestions and much more.