What is the Employer’s Role in the Blue Line 457 Plan?
The Blue Line 457 Plan is an FOP-sponsored deferred compensation program provided exclusively to Fraternal Order of Police members employed by state and local governmental entities.
Under the Blue Line 457 Plan:
- Employers must formally adopt the plan;
- Non-FOP member employees may not participate in the plan;
- With the exception of employee enrollment and approval of emergency withdrawals and Qualified Domestic Relations Order requests, which will be done by ICMA-RC, employers are responsible for the administration of the plan but ICMA-RC provides full support;
- Employers are required to submit contribution detail information through EZLink, a fully automated Internet-based administration system that requires only a few easy steps to provide the required data;
- Contributions must be aggregated and treated as made under a single plan for purposes of the Code section 457 maximum contribution limits along with contributions an employee makes to any other 457(b) plan sponsored by the same employer;
- The normal retirement age for purposes of the “last-three years” catch-up contribution must be the same under both the Blue Line Plan and other 457(b) plans offered by the same employer
When a local Lodge's Blue Line 457 Plan is established, ICMA-RC will send you all the information you need to administer the plan including easy to follow instructions on how to submit contributions and contribution detail directly to ICMA-RC.
For more information regarding the Blue Line 457 Plan, you may want to review the FAQ or contact ICMA-RC at 1-866-747-NFOP (747-6367)