Question ID: $1621436$

All of these statements regarding Section $457$ plans are correct EXCEPT

A$)$

they are nonqualified deferred compensation plans of state and local government units and agencies, and non$-$church$-$controlled, tax$-$exempt organizations.

B$)$

church$-$related$$organizations$,$ such as schools $($but not churches$),$ may be eligible to establish a Section $457$ plan.

C$)$

contributions are after tax, but funds grow tax$-$deferred.

D$)$

they may allow for special catch$-$up contributions in the participant's last three years of employment prior to the plan's normal retirement age.