Big Plans for Small Public Employers from ICMA

May 9, 2001 ( - Thanks to the Internet, small public sector employer will now be able to take part in 457 affordable deferred compensation plans.

The ICMA Retirement Corporation’s (ICMA-RC) i457 plan enables smaller public sector employers to benefit from the features of deferred compensation plans formerly available only to large plans.

The plan offers a range of mutual funds and services for 457 supplemental retirement plans and provide employees with online enrollment and account management and education.

The program allows plan sponsors to:

  • evaluate, design and manage a 457 deferred compensation plan via the Internet;
  • access comprehensive on-line reports, analyzing employee behavior and demographics and historical investment option performance;
  • view the manner in which participants use the investment options, information which allows plan sponsors to continuously improve their plan.

In addition, ICMA-RC will assist with maintaining the compliance of the plan by monitoring legislative changes, implementing these and keeping plan sponsors abreast of such changes.