457(b)
The HR Dictionary
Fri, Jun 19, 2026
A 457(b) plan is a deferred compensation retirement plan available mainly to state and local government employees and some nonprofit employees.
What 457(b) means in business operations
457(b) is explained here in the context of real finance, payroll, HR, and ERP workflows. This definition is written for business users who need practical understanding that supports implementation, reporting, approvals, reconciliation, and policy decisions.
If you are reviewing related concepts, continue to the The HR Dictionary, browse ERP articles on the Eprecus blog, or explore the Eprecus ERP platform overview.
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457(b)
A 457(b) plan is a deferred compensation retirement plan available mainly to state and local government employees and some nonprofit employees.
Why it matters
457(b) matters in HR, payroll, compliance, and workforce operations because teams rely on shared definitions to apply policy, process records correctly, and communicate decisions clearly.
How teams use it
HR, payroll, and operational leaders use 457(b) when they review employee records, enforce policy, answer questions, prepare reports, and manage day-to-day workforce processes.
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